- The New Development Bank (NDB) of the BRICS countries has approved a $525-million loan to Madhya Pradesh for infrastructure projects.
- The loan consists of $350-million loan for the Major District Roads Project II of Madhya Pradesh and $175 million for building and upgrading 350 bridges.
- The NDB was set up by the BRICS (Brazil, Russia, India, China, South Africa) nations to promote green and infrastructure projects in the member countries.
Points to remember:
- Amount of loan.
Source: Read at BS