$80-Million ADB loan to Himachal Pradesh

Multilateral lending agency Asian Development Bank (ADB) has approved a loan of $80 million (about Rs 524 crore) for the modernization of Himachal Pradesh’s technical and vocational education and training (TVET) institutions. The total cost of the project is $100 million, with the Centre contributing $20 million. The project is expected to be completed by the end of 2022.