Rapid Fire
ADB Development Financing to Support India
- 17 Dec 2025
- 3 min read
The Asian Development Bank (ADB) has signed 5 loan agreements with India to finance development projects focusing on skilling, renewable energy, healthcare, urban transport, and sustainable livelihoods.
- It includes a USD 650 million loan to support the Pradhan Mantri Surya Ghar: Muft Bijli Yojana to help 1 crore households adopt rooftop solar by 2027.
Asian Development Bank (ADB)
- About: ADB, founded in 1966, is a regional development bank with a mission to foster a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while also striving to eradicate extreme poverty in the region.
- The ADB also has an official observer status at the United Nations.
- Functions: ADB aids its member countries and partners by offering loans, technical assistance, grants, and equity investments to promote social and economic development.
- Also, ADB provides direct financial assistance to approved private sector projects, financial institutions, and private equity funds.
- Membership: ADB, headquartered in Manila, Philippines, consists of 69 members, of which 50 are from within Asia and the Pacific and 19 outside.
- As of December 2024, ADB’s 5 largest shareholders are Japan and the United States (each with 15.6% of total shares), the People’s Republic of China (6.4%), India (6.3%), and Australia (5.8%).
- ADB and India: India is a founding member of ADB and is its 4th-largest shareholder. The bank's support aligns with India’s goals of robust, climate-resilient, and inclusive growth.
| Read More: Asia Development Outlook Report 2024 |
