Overview
- Three loans were formalised for Maharashtra, Madhya Pradesh and Gujarat, exceeding $800 million, alongside a $1 million technical-assistance grant for Assam.
- Maharashtra will receive $500 million to modernise rural distribution and deliver daytime solar power for irrigation to at least 900,000 farm consumers by 2028, including 500 MWh of battery storage.
- A yen-denominated loan of JPY 27,147,200,000 (about $190.6 million) will fund an 8.62-km underground Indore metro line with seven stations, with operations targeted for January 2030.
- Gujarat’s $109.97 million skills programme will upgrade 11 mega ITIs, create centres of excellence and align courses with industry through a hub-and-spoke model anchored by Kaushalya: The Skill University.
- The agreements were signed by Saurabh Singh for India and Mio Oka for ADB, moving projects into state-led implementation under the respective agencies.