Loans and Grants in News 2022

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Loans and Grants 2022 (January to December)

Loans and Grants issued by Banks, July 2022

Bank/Organizations Loan Amount Received By Purpose
World Bank USD 200 Millionn India For Himachal Pradesh (HP) Power Sector Development Program
World Bank USD 1 Billion India’s Health Sector To support India’s flagship Pradhan Mantri-Ayushman Bharat Health Infrastructure Mission (ABHIM)
Asian Development Bank (ADB) USD 96.3 million Himachal Pradesh To provide safe drinking water, sanitation services and improve water supply in Himachal Pradesh under the Himachal Pradesh Rural Drinking Water Improvement and Livelihood Project.
Japan International Cooperation Agency (JICA) 100,000 million Japanese Yen (almost 6000 cr.) India For construction of third phase of Mumbai-Ahmedabad High-Speed Rail (MAHSR).

Loans and Grants issued by Banks, June 2022

Bank/Organizations Loan Amount Received By Purpose
World Bank USD 250 million Government of India To implement and support the Road Safety Program of government of India

Loans and Grants issued by Banks, May 2022

Bank/Organizations Loan Amount Received By Purpose
Canara Bank & Additional Skill Acquisition Programme (ASAP) Kerala Rs 5000 to Rs 1.5 lakh Students loan for Skill development To provide skill loans to students pursuing skill training programmes from Additional Skill Acquisition Programme (ASAP) Kerala or any other central or state government recognised agencies conducting National Skills Qualifications Framework (NSQF) or National Skill Development Corporation (NSDC) courses..

Loans and Grants issued by Banks, April 2022

Bank/Organizations Loan Amount Received By Purpose
World Bank and the Asian Infrastructure Investment Bank (AIIB) Rs 7,500 crore Gujarat To implement the ‘Mission School of Excellence project’ of Gujarat. The project improve the quality of education, make infrastructure better and build skills,
Asian Development Bank (ADB) USD 100 million (Rs.760 crores) Louis Dreyfus Company (LDC), a French Firm To help small farmers in countries such as India, Indonesia, Pakistan,Thailand and Vietnam to recover from the economic challenges posed by the pandemic (COVID-19) and improve their resilience to the effects of climate change
Asian Development Bank (ADB) USD 76.25 million (Rs 551 crore) Agartala Smart City Limited (ASCL) Revive lakes and water bodies of of Maharaja Bir Bikram College and Renovate and restore of Ujjayanta Palace

Loans and Grants issued by Banks, March 2022

Bank/Organizations Loan Amount Received By Purpose
Indian Overseas Bank Rs 1,000 crore Jammu and Kashmir Infrastructure Development Finance Corporation Ltd (JKIDFC) To accelerate infrastructure development projects across J&K

Loans and Grants issued by Banks, February 2022

Bank/Organizations Loan Amount Received By Purpose
Asian Development Bank (ADB) Total USD 4.6 billion Government of India • USD 1.8 billion loan for COVID-19-related assistance

• USD 1.5 billion loan towards vaccine procurement.

• USD 300 million loan to strengthen primary health care (PHC) in urban areas
World Bank USD 115 million • $6 milion – Government of India (Land Resources depertment)

• $60 million – Karnataka government

• $49 million – Odisha government
To implement the REWARD Project in the states of Karnataka and Odisha
Asian Development Bank (ADB) $68-million loan IIFL Home Finance Limited To provide the financial support for affordable green housing for lower-income women borrowers in India

Loans and Grants issued by Banks, January 2022

Bank/Organizations Loan Amount Received By Purpose
Reserve Bank of India (RBI) US$ 900 million Sri Lanka To tackle forex crisis and shortage of almost all essential commodities due to a shortage of dollars.
Canara Bank Rs. 10 lakh MSME borrowers low-cost business loans to micro, small and medium enterprises
World Bank Rs 1000 crore government of West Bengal To improve social protection service such as medical help through telemedicine, support for the elderly and differently-abled, financial inclusion of citizens with digital payments and disbursement of benefits for public schemes.

Related topic (Indian Economy)

Schemes and initiatives by various Bank 2022

Role and Functions of Reserve Bank of India


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