As a dedicated aspirant preparing for your dream job, you must stay updated with the latest current affairs in business and finance. One important topic in this category isLoans and Grants Current Affairs 2025!
These are the latest updates on money given or borrowed by India and other countries. This money helps in building schools, hospitals, roads, and more. Every month, new loans and grants are announced by banks, governments, and world organizations.
Knowing them is super helpful for scoring better in General Awareness, especially under topics like current affairs, where funding often supports health, research, and environment projects.
In this blog post, you will find a month-wise list of loans and grants in 2025, written in easy words and exam-friendly format. It’s great for quick revision and boosting your score in current affairs. Stay updated and stay ahead in your exam journey!
What is a Loan?
A loan is a financial tool that allows individuals, businesses, or governments to borrow money from a lender.
The borrower agrees to repay the loan amount and interest over a specified period, typically through regular installments.
Loans serve various purposes, such as buying a home, starting a business, or covering education and medical expenses.
They can be secured, requiring collateral like a home or car, or unsecured with no collateral.
What are Grants?
Grants, on the other hand, are a form of financial aid that doesn’t require repayment.
Governments, foundations, or organizations award grants to individuals, businesses, or nonprofits for research, education, community development, or social services.
Grants can be based on merit or need and come in different sizes, making them an appealing source of financing without the obligation of repayment.
Loans and Grants Current Affairs 2025
February 2025
Loans/Grants Provider
Amount
Received By
Purpose
Asian Development Bank (ADB)
USD 200 million
Government of West Bengal
To improve the development of climate- and disaster-resilient sewerage and drainage infrastructure in Kolkata, West Bengal, with the aim of enhancing the city’s livability.
Asian Development Bank (ADB)
USD 150 million
Shriram Finance Limited (SFL)
To enhance financial access for Micro, Small, and Medium Enterprises (MSMEs) in India
Chenab Valley Power Project Limited of Jammu & Kashmir (J&K)
For the development and construction of the Pakal Dul Hydro Electric Project in Jammu & Kashmir (J&K)
Central Government of India
Rs 529.50 crore
Kerala Government
To implement 16 projects for the rehabilitation of the victims of Wayanad landslides.
Asian Development Bank (ADB)
USD 200 Million
Kolkata Municipal Corporation, West Bengal
To improve the development of climate and disaster-resilient sewerage and drainage infrastructure in Kolkata, West Bengal, to enhance Kolkata’s livability.
National Bank for Financing Infrastructure and Development (NaBFID)
Rs 2,000 crore
Mumbai (Maharashtra)-based Gramercy Techpark Private Limited, backed by New York (the United States of America, USA)-based alternative investment management company Blackstone Inc.
For setting up of 120 MegaWatt (MW) data centre at Mahape in Navi Mumbai, Maharashtra.
Washington, D.C. (United States of America, USA) based International Finance Corporation (IFC)
USD 50 million
Bengaluru (Karnataka) based CreditAccess (CA) Grameen Limited, India’s largest Non-Banking Financial Company-Microfinance Institution (NBFC-MFI)
To improve financial access for micro-entrepreneurs and support 3–4 million additional women borrowers involved in agriculture and related activities.
January 2025
Sl. No.
Loans/Grants Provider
Amount
Received By
Purpose
1
World Bank
USD 35 million
Meghalaya Government
Meghalaya Multisectoral Project for Adolescent Wellbeing, Empowerment, and Resilience (MPOWER)
2
Japan Bank for International Cooperation (JBIC)
120 billion JPY (Rs 6600 crore)
Power Finance Corporation Limited (PFC)
Support Renewable Energy (RE) projects in India
3
Consortium of banks led by State Bank of India (SBI)
Rs 31,802 crore
Bharat Petroleum Corporation Limited (BPCL)
Establishment of a petrochemical complex in Bina, Madhya Pradesh.
Loans and Grants Current Affairs 2024 [January to December]
December 2024
Sl. No.
Loans/Grants Provider
Amount
Received By
Purpose
1
Asian Development Bank (ADB)
$98 million
Horticulture Crop Farmers
To improve access to certified disease-free planting materials, enhancing yield and resilience.
2
Asian Development Bank (ADB)
$50 million
Meghalaya
To construct water-harvesting systems and reduce community vulnerability to climate change.
3
World Bank
$188.28 million
Maharashtra
To boost economic growth in underdeveloped districts.
4
Asian Development Bank (ADB)
$350 million
Government of India
To strengthen and modernize the country’s logistics sector.
5
Asian Development Bank (ADB)
$788.8 million
Andhra Pradesh
For developing Amaravati as a green, smart capital city with world-class infrastructure.
6
Asian Development Bank (ADB)
$42 million
Maharashtra
To provide coastal and riverbank protection for local communities and ecosystems.
7
KfW ( German state-owned investment and development bank)
Rs. 3044.54 Crore
Government of India
For Phase 2 of Bengaluru Metro Rail Project.
8
World Bank
$1.05 billion
Ukraine
To strengthen the economic policy framework for sustainable growth and improve financial stability.
9
Asian Development Bank (ADB)
$500 million
India Infrastructure Finance Company Ltd (IIFCL)
To support green and sustainable infrastructure projects aligned with India’s climate commitments.
10
World Bank
$325.10 million
Uttar Pradesh
For the UP-AGREES Project to enhance crop productivity and farmers’ incomes.
11
World Bank
$800 million
Andhra Pradesh
For Amaravati Integrated Urban Development Project (AIUDP), building a greenfield capital city.
November 2024
Sl. No.
Loans/Grants Provider
Amount
Received By
Purpose
1
European Investment Bank (EIB Global)
€300 million (approximately ₹2,800 crore)
Government of India
For the construction of a new 149km suburban railway network in Bengaluru
2
Asian Development Bank (ADB)
USD 241.3 million
Government of West Bengal
To enhance the power distribution in West Bengal
3
Asian Development Bank (ADB)
USD 200 million loan (about Rs 1,680 crore)
Government of India
To help upgrade the water supply, sanitation, urban mobility, and other urban services in Uttarakhand.
4
World Bank
USD 200 million (Rs 1,655.85 crore)
Kerala state government
To support Kerala’s agricultural sector through the Kerala Climate Resilient Agri-Value Chain Modernization (KERA) Project
5
Asian Development Bank (ADB)
USD 434.25 million(around Rs 3600 cr)
Government of Assam
This funding will help build a 500-Megawatt (MW) solar power plant in the Karbi Anglong district of Assam. It is a big step toward the state’s goal of producing 3,000 MW of renewable energy by 2030.
October 2024
Sl. No.
Loans/Grants Provider
Amount
Received By
Purpose
1
Power Finance Corporation (PFC) Ltd.
Rs 31,673.79 crores
Mumbai Metropolitan Region Development Authority (MMRDA)
To accelerate the development of 9 major infrastructure projects in the Mumbai Metropolitan Region (MMR).
2
Asian Development Bank (ADB)
$162 million
Himachal Pradesh
To enhance tourism development in Himachal Pradesh
3
Asian Development Bank (ADB)
$42 million
Maharashtra
To enhance coastal and riverbank protection, boosting the resilience of local communities and natural ecosystems in Maharashtra.
4
International Finance Corporation (IFC) and Axis Bank
USD 500 million (about Rs 4,200 crore)
India
To help develop a blue finance market and scale up financing of green projects in India
5
Asian Development Bank (ADB) and World Bank
Rs 15,000 crore
Andhra Pradesh
For developing Amaravati as its capital city of Andhra Pradesh
6
Asian Development Bank (ADB)
$434.25 million
Assam
To expand renewable energy capacity and strengthen energy security in Assam.
September 2024
Sl. No.
Loans/Grants Provider
Amount
Received By
Purpose
1
Asian Development Bank (ADB)
USD 50 Million
Government of India
The loan is provided for the initiative titled ‘Climate-Adaptive Community-Based Water Harvesting Project,’ aimed at enhancing water resource management and strengthening climate resilience in Meghalaya, India.
2
State Bank of India (SBI)
Rs 10,050 crores
Damodar Valley Corporation (DVC)
To develop an Ultra Super Critical Thermal Power Project (USCTPP) with a capacity of 1600 Megawatt (MW), in Koderma, Jharkhand.
August 2024
Sl. No.
Loans/Grants Provider
Amount
Received By
Purpose
1
Asian Development Bank (ADB)
$200 million (approximately Rs 1,700 crore)
Government of India
To improve solid waste management and sanitation in 100 cities across 8 states in India
2
Japan Bank for International Cooperation (JBIC)
25.5 billion Japanese Yen
Power Finance Corporation Limited (PFC)
To finance the 300.3 Mega Watt (MW) Wind Energy Project of Ostro Kannada Power Private Ltd (OKPPL) in Chitradurga, Karnataka
3
Asian Development Bank (ADB)
USD 500 million
Government of India
To improve access to quality and affordable tertiary health care and medical education in Maharashtra
July 2024
State Bank of India launched the MSME Sahaj initiative, an online business loan solution allowing MSMEs to avail credit against GST-registered sales invoices up to Rs 1 lakh.
REC Limited secured a 5-year green loan of 31.96 billion Japanese yen from Deutsche Bank’s Gift City branch.
Madhya Pradesh secured the top position in the ‘Best Performing State – Loan Performance’ category under the Prime Minister SVANidhi scheme.
The Ministry of Skill Development & Entrepreneurship revised the ‘Model Skill Loan Scheme,’ increasing the maximum individual loan eligible for credit guarantee cover to Rs 7.5 lakhs.
Sl. No.
Loans/Grants Provider
Amount
Received By
Purpose
1
Asian Development Bank (ADB)
$170 million
Government of India
To consolidate and strengthen India’s health system preparedness and response capacity to future pandemics
2
Asian Development Bank (ADB)
USD 240.5 million
Government of India
To finance rooftop solar systems in India
3
Asian Development Bank (ADB)
$200 million
Nagpur Metro Urban Mobility Project, India
To expand metro rail corridors and improve transport connectivity in Nagpur
June 2024
Sl. No.
Loans/Grants Provider
Amount
Received By
Purpose
1
Asian Development Bank
USD 170 million
Government of India
To improve its healthcare system
2
Asian Development Bank (ADB)
USD 60 million
Aadhar Housing Finance Limited (AHFL)
The funds will provide housing loans for women and help alleviate the financing gap in India’s low-income and affordable housing sectors.
May 2024
Sl. No.
Loans/Grants Provider
Amount
Received By
Purpose
1
Asian Development Bank (ADB) and Export-Import Bank of Korea (Korea Eximbank)
USD 1 billion
Rural Electrification Corporation (REC) Limited.
REC is preparing itself for the expected increase in demand for credit from all segments of the power industry, as the government aims to double capacities by 2032.
2
Asian Development Bank (ADB)
USD 148.5 Million
Sikkim
Aiming to strengthen, modernize, and climate-proof the distribution system to improve the reliability, quality, and resilience of electricity supply in Sikkim, India.
3
Government of India
USD 61.5 million Grant
Sri Lanka
For the development of Kankesanthurai Port project
March-April 2024
Sl. No.
Loans/Grants Provider
Amount
Received By
Purpose
1
Japan Bank for International Cooperation (JBIC)
USD 200 million
NTPC Limited
Foreign currency loans
2
Japan Bank for International Cooperation (JBIC)
Japanese yen (JPY) 20 billion
NHPC Ltd
Developing a 300 MW solar project in Bikaner, Rajasthan
For Climate Resilient Brahmaputra Integrated Flood and Riverbank Erosion Risk Management Project
3
Odisha (State Government)
Financial support for youths under the ‘Swayam’ scheme
Youths of the state (under ‘Swayam’ scheme)
Youths of the state (under the ‘Swayam’ scheme)
4
Japan
232.209 billion yen
India
Establishment of the International Fintech Institute (IFI) at Gujarat International Finance Tec-City (GIFT City)
5
Asian Development Bank (ADB)
USD 23 million
Gujarat Government
Establishment of International Fintech Institute (IFI) at Gujarat International Finance Tec-City (GIFT City)
6
Government of India
Rs 10,000 (interest-free)
Flue Cured Virginia (FCV) Tobacco growers in Andhra Pradesh
Financial support for FCV Tobacco growers in Andhra Pradesh
List of Loan Agreements for India from Different Organizations 2023 [January to December Month-wise List]
December 2023
Bank/Organizations
Loan Amount
Received By
Purpose
Asian Development Bank (ADB)
$200 million
Uttarakhand
To Improve the power supply
Asian Development Bank (ADB)
$175 million
Madhya Pradesh
Enhance road connectivity and climate resilience
International Monetary Fund (IMF)
$337 million
Part of the Extended Fund Facility (EFF) arrangement
Policy-based loan for the Industrial Corridor Development Programme
Asian Development Bank (ADB)
$200 million
Part of the Extended Fund Facility (EFF) arrangement
Support Swachh Bharat (Clean India) Mission–Urban 2.0
Asian Development Bank (ADB)
$250 million
Government of India
Policy-based loan for Industrial Corridor Development Programme
Asian Development Bank (ADB)
37 billion JPY
Government of India
Policy-based loan for the Industrial Corridor Development Programme
Japan International Cooperation Agency (JICA)
400 billion Japanese Yen (Rs 22,627 crore)
Government of India
Mumbai-Ahmedabad High-Speed Rail (MAHSR) project
Asian Development Bank (ADB)
$100 million
Tripura
Improve urban services and tourism facilities
Japan International Cooperation Agency (JICA)
₹932 Crore
India
Support Sustainable Development Goals (SDGs) initiatives in India
World Bank
$100 million
Sikkim
Part of the Integrated Service Provision and Innovation for Reviving Economies (INSPIRES) program
November 2023
Bank/Organizations
Loan Amount
Received By
Purpose
Asian Development Bank (ADB)
USD 6.5 million
Greenway Carbon Credits Gender Finance Project
Strives to support the manufacturing and delivery of one million subsidized Greenway Jumbo Stoves to rural households in Madhya Pradesh and Odisha
Asian Development Bank (ADB)
USD 500 million
Maharashtra Government
Concerning the Maharashtra Tertiary Care and Medical Education Sector Development Program, the goal is to enhance accessibility to high-quality and affordable tertiary healthcare and medical education in Maharashtra.
Asian Development Bank (ADB)
USD 125 million
Mumbai, Maharashtra based L&T Finance Limited(LFT)
To support financing in rural and peri-urban areas of India, especially for women borrowers
Asian Development Bank (ADB)
USD 170mn
Kerala Govt.
For the modernization of water supply services in Kochi, Kerala. To improve urban living. To ensure clean water access and To bolster climate resilience.
Asian Development Bank (ADB)
USD 400 mn
Indian government
To support its sub-programme 2 of the Sustainable Urban Development and Service Delivery Programme.
World Bank
USD 200 million
Government of India
To support Himachal Pradesh Power Sector Development Program
October 2023
Bank/Organizations
Loan Amount
Received By
Purpose
Asian Development Bank (ADB)
USD 400 Million
Government of India
To Improve infrastructure, guarantee reliable public services, and create effective government systems
Asian Development Bank (ADB)
USD 175 Million
Madhya Pradesh Government
The project will aims to improve about 500 kilometers of main roads in Madhya Pradesh (MP) by making them two lanes wide.
Asian Development Bank (ADB)
USD 181 Million
Government of Gujarat
to build quality infrastructure and services in the peri-urban areas of Ahmedabad, Gujarat to control urban sprawl.
India Infrastructure Finance Company Limited (IIFCL)
Rs 8,800 crore
India (IIFCL provides long-term loans for India’s infrastructure projects.)
The amount will be used for airports and civil aviation infrastructure development in India
Asian Development Bank (ADB)
USD 200 Million
Government of Assam
To strengthen flood and riverbank erosion risk management along the 650-kilometer (km) long main stem of the Brahmaputra River in Assam, India
September 2023
Bank/Organizations
Loan Amount
Received By
Purpose
Asian Development Bank (ADB)
Rs 1.2 billion (USD 14.7 million)
Fourth Partner Energy Limited
The funds will be raised as part of REC’s broader market borrowing program of Rs 1.20 lakh crore for 2023-24.
Export-Import Bank of India (EXIM Bank)
USD 100 million
REC, a subsidiary of Power Finance Corporation Ltd
The funds will be raised as part of REC’s broader market borrowing programme of Rs 1.20 lakh crore for 2023-24.
August 2023
Bank/Organizations
Loan Amount
Received By
Purpose
Asian Development Bank (ADB)
USD 200 Million
Governemnt of India
for the ongoing Rajasthan Secondary Towns Development Sector Project as additional financing, to expand water supply and sanitation systems and enhance urban resilience and heritage living in selected towns.
Asian Development Bank (ADB)
USD 40.5 million
Meghalaya Early Childhood Development Mission (MECDM)
To upgrade the Anganwadi centers (AWC) to provide nurturing care, including maternal mental health support and inclusive group-based parenting programs involving fathers
World Bank
Rs. 2500 crore
Government of West Bengal
For Infrastructure Development Project in West Bengal
July 2023
Bank/Organizations
Loan Amount
Received By
Purpose
US International Development Finance Corp
USD 50 million
IIFL Home Finance (Home finance company)
To expand its portfolio of affordable home financing specifically targeting sustainable housing
European Investment Bank(EIB)
EURO 1 billion
Government of India
To support National Green Hydrogen and renewable energy projects in India
World Bank
$1.5 billion
Government of India
For the “First Low-Carbon Energy Programmatic Development Policy Operation” to accelerate India’s development of low-carbon energy
World Bank
$251 million
Assam
To improve access to high-quality healthcare services and boost economic opportunities for Assam
World Bank
$140 million
Tripura
Enhancing the Availability of Premium Healthcare Services and Catalyzing Economic Prospects for Tripura
Asian Development Bank (ADB)
$295-million
Bihar
To upgrade 265 km of state highways in Bihar
Asian Development Bank (ADB)
USD 200 million
Rajasthan
For the Rajasthan Secondary Towns Development Sector Project
June 2023
Bank/Organizations
Loan Amount
Received By
Purpose
World Bank
USD 255.5 Million
Government of India
The World Bank has provided a loan to India’s technical education sector to equip students with essential skills to meet the changing demands of the job market, advance gender equality, and encourage research and innovation.
Asian Development Bank (ADB)
USD 295 million
Bihar
The allocated loan will be used to enhance transport connectivity and safety in Bihar by widening and upgrading approximately 265 kilometers of state highways.
World Bank
USD 150 million
Kerala
The loan amount has been utilized to support the Resilient Kerala Program, which aims to enhance Kerala’s preparedness against natural disasters, climate change impacts, disease outbreaks, and safeguard lives
Government of India
US$ 12.3 Billion
Africa
The loan amount has been utilized for diverse developmental projects in Africa, including initiatives related to irrigation, drinking water, and road infrastructure.
World Bank
$148M loan
West Bengal
The loan provided aims to assist West Bengal, India, in enhancing irrigation practices in rural areas. Its objective is to enable the region to utilize surface and groundwater resources more effectively for agricultural purposes.
Asian Development Bank (ADB)
USD 130 million
Himachal Pradesh
The loan has been allocated for the Himachal Pradesh Subtropical Horticulture, Irrigation, and Value Addition Project. The project’s primary goals are to boost agricultural productivity, enhance irrigation accessibility, and foster horticulture agribusinesses, ultimately leading to increased income for farmers in Himachal Pradesh.
May 2023
Bank/Organizations
Loan Amount
Received By
Purpose
Asian Development Bank (ADB)
USD($)141.12 million
Government of India
For the development of high-quality internal infrastructure such as roads, water supply systems, and electricity distribution networks in three industrial clusters in the state of Andhra Pradesh (AP).
World Bank
USD 82 million
Government of India
For the adoption of global best practices for animal health management and to prevent zoonotic diseases in India
April 2023
Bank/Organizations
Loan Amount
Received By
Purpose
Japanese Banking Consortium [The Japan Bank for International Cooperation (“JBIC”), MUFG Bank, Ltd., Sumitomo Mitsui Banking Corporation, Sumitomo Mitsui Trust Bank Limited, Mizuho Bank Ltd., and Mizuho Bank Europe N.V.]
USD 5 billion
AMNS Luxembourg Holding S.A., the parent company of ArcelorMittal Nippon Steel India Limited (“AM/NS India”)
To finance a portion of the funds for AM/NS India’s new construction and expansion of upstream, hot rolling, and other facilities
World Bank
$363 million
Karnataka
To provide clean drinking water supply
World Bank
USD 100 million
Odisha
To help Odisha strengthen its early forecasting systems for improved disaster response
March 2023
Bank/Organizations
Loan Amount
Received By
Purpose
World Bank
1 billion (about Rs 8,200 crore)
Government of India
To support and enhance the country’s healthcare infrastructure
World Bank
USD 363 million
Karnataka
To provide a clean drinking water supply to two million rural households in the state through a piped water connection in their homes.
World Bank
$500 million
Government of India
For the development of the Green National Highway Corridors Project
Asian Development Bank (ADB)
Rs 754 crore
Waste-to-energy maker SAEL Industries
The funds will be used for the construction of five biomass power plants in Rajasthan
World Bank
USD 108 million
Assam
To help improve disaster preparedness and enhance flood forecasting
Government of India
Rs 2 billion Grant
Bhutan
Gyalsung Infra Project
World Bank
USD 100 million
Odisha
To boost Odisha’s early forecasting systems for better disaster response and to expand social protection coverage for poor and vulnerable households via digital platforms.
February 2023
Bank/Organizations
Loan Amount
Received By
Purpose
International Monetary Fund (IMF)
USD 4.7 billion
Bangladesh
for the robust economic recovery of Bangladesh from the pandemic which was interrupted by the Russia-Ukraine war leading to a widening of the current account deficit and a decline in foreign exchange reserve in the country.
Asian Development Bank (ADB)
USD 130 million
Himachal Pradesh
To increase agricultural productivity and promote horticulture agribusinesses
World Bank
USD 2.5 billion Grant
Ukraine
To maintain essential services and core government functions amid the ongoing Russia-Ukraine war
Government Of India
Rs 5,300-crore Grant
Karnataka
e for the development of the Upper Bhadra irrigation project.
January 2023
Bank/Organizations
Loan Amount
Received By
Purpose
Asian Development Bank (ADB)
USD 100 million (about Rs 830 crore)
Shriram Finance Limited (SFL)
The loan amount used for vehicle finance for commercial purposes for BS VI compliant vehicles and electric vehicles, especially for women entrepreneurs in under-developed states
Union Bank of India (UBI)
Rs.10 lakhs
Garuda Aerospace Pvt Ltd
To built 150 Kisan Drones to help the farmers in the field of digitisation of land records and operations in crop production, spraying of fertilisers, chemicals, growth promoters and pesticides which helps farmers in growing their crop yield and improving their income.
Asian Development Bank (ADB)
$220 million
Government of India
For Tripura Power Distribution Strengthening and Generation Efficiency Improvement Project
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