India signs USD 500 million loan pact with World Bank for rural roads
India has signed a USD 500 million loan pact with World Bank to provide additional financing for PMGSY rural road projects. Loan has a 3-year grace period, and a maturity of 10 years. It will provide additional financing for the Pradhan Mantri Gram Sadak Yojana (PMGSY) Rural Roads Project which will build 7,000 km of climate resilient roads, out of which 3,500 km will be constructed using green technologies.
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