India to get $9.2 bln loan from ADB during 2008-10

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New Delhi, Jun 18 (UNI) The government today said India will get 9.2 billion dollar loan from Asian Development Bank (ADB) during 2008-10 for 31 projects in sectors like energy, transport and financial services.

''Disbursement of ADB loans for different projects and programmes in India has increased from 400 million dollars in 2004 and our aim is to achieve the target of 1.62 billion dollars in 2008,'' Finance Minister P Chidambaram said while addressing the members of the Consultative Committee of Parliament here.

The country is looking for further engagement with the ADB, he said adding that during 2008-10, the Bank is expected to provide a total assistance of 9.2 billion dollars for projects in energy, transport, urban development, agriculture and financial sectors.

The Finance Minister said that agriculture was included in the ADB's country strategy in 2003 and will receive an assistance of 850 million dollars during 2008-10.

UNI MP SR KP2043

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