NDB signs loan agreement for financing Gujarat Rural Road Program

The New Development Bank (NDB) is set to finance rural road projects in Gujarat with an earmarked budget of Rs 400 billion. The board of directors at NDB has approved a loan for the enhancement of approximately 13,500 km of rural roads in Gujarat under the Mukhya Mantri Gram Sadak Yojana. These roads will incorporate innovative and climate-resilient designs, including nature-based solutions and bio-engineering measures.