The government borrows from various international banks for various developmental works of the state and central government such as health services, road construction, irrigation projects, etc.
Also, the Government of India gives some grants for infrastructure development or any new projects of neighboring countries.
Economic Current Affairs is an integral part of the latest Current Affairs in various competitive exams, especially UPS, Banking, and SSC. And this topic loans and Grants is also a part of the latest economic current affairs.
So, in this post, we have provided the latest economic news related to loans and grants.
Table of Contents
Loans and Grants 2022 (January to December)
Loans and Grants issued by Banks, November 2022
Bank/Organizations
Loan Amount
Received By
Purpose
Asian Development Bank (ADB)
40 million USD
GreenCell Express Private Limited (GEPL), Maharashtra, India
To develop 5000 Electric Buses in India
Asian Development Bank (ADB)
USD 350 million loan (2900 crore)
Maharashtra State Road Improvement Project, India
To improve road connectivity in Maharashtra
Asian Development Bank (ADB)
USD 30 million loan for 5 years
Farm Efficiency Initiative
Funding research and development of enhanced-efficiency fertilisers
KFW Development Bank Germany
150 million Euro (about Rs. 1240 crore)
State Bank of India
To facilitated new and upcoming projects in the solar sector
Loans and Grants issued by Banks, October 2022
Bank/Organizations
Loan Amount
Received By
Purpose
World Bank (WB)
USD 250 million
Andhra Pradesh
For supporting Andhra’s Learning Transformation (SALT) project
MUFG Bank
Rs 400 crore
JSW Cement Ltd.
For Capital expenditure with increasing focus on sustainablity.
Loans and Grants issued by Banks, September 2022
Bank/Organizations
Loan Amount
Received By
Purpose
World Bank (WB)
USD 350 Million
Gujarat
To improve the quality and access of its public health care services
World Bank (WB)
USD 150 Million (nearly 1200 crores)
Punjab
For the management of its financial resources and improved access to public services
Asian Development Bank (ADB)
Rs. 4000 crore
Maharashtra Government
To set up 12 Medical Colleges in 12 districts
Loans and Grants issued by Banks, August 2022
Bank/Organizations
Loan Amount
Received By
Purpose
Asian Development Bank (ADB)
USD 96.3 million (around Rs. 769 Cr. )
Government of India
To Improve Water Supply & Sanitation in Himachal Pradesh
Technology Development Board (TDB)
Rs. 1.15 crores
TGP Bioplastics Pvt. Ltd.
For commercializing compostable plastic which will mitigate the usage of Single Use Plastics (SUP)
Government of India
Grants of USD 1 million
Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC)
For BIMSTEC Secretariat’s operational budget
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.
sir pl update upto october