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In December 2021, which state has inked a loan agreement with Asian Development Bank for setting up the Assam Skill University project with Asian Development Bank?

In December 2021, which state has inked a loan agreement with Asian Development Bank for setting up the Assam Skill University project with Asian Development Bank? Correct Answer Assam

The correct answer is Assam.

Key Points

  • Assam government inked a loan agreement on 17 December 2021 with Asian Development Bank for setting up the Assam Skill University project with Asian Development Bank. 
  • The university is being set up under the External Aided Project (EAP) funded by Asian Development Bank.
  • An additional grant of $1 million is also provided as technical assistance by the ADB.

Important Points

  • The value of the Assam Skill University Project is estimated to be $140 million including the state share of 20%.
  • The process of designing and construction of the University has been initiated in consultation and alignment with ADB’s policy and guidelines.
  • The construction work is expected to start on the ground in Mangaldoi by early 2022 and the university campus is expected to be completed by 2027.
  • As per the detailed project report, nine schools have been proposed for the University that will cater to the needs of local entrepreneurs, start-ups, and micro, small, and medium-sized enterprises(MSMEs) for technology, digital, business, and skilling solutions.

Additional Information

  • On 22nd February 2021, Woochong Um of the Republic of Korea was appointed as the new Managing Director General of the Asian Development Bank (ADB).
  • The Indian government and Asian Development Bank (ADB) signed a $61 million loan in November 2021.
    • It has been signed to improve livability, harness technology, and promote new developments to accommodate the expanding population in Agartala, Tripura.
  • About ADB:-
    • The Asian Development Bank is a regional development bank established on 19 December 1966, which is headquartered in the Ortigas Center located in the city of Mandaluyong, Metro Manila, Philippines. 
    • The company also maintains 31 field offices around the world to promote social and economic development in Asia.
    • India was a founding member of ADB in 1966 and is now the bank's fourth-largest shareholder.
  • Assam:
    • Number of districts - 33.
    • Lok Sabha seats - 14.
    • Rajya Sabha seats - 7.
    • State Animal - Indian rhinoceros.
    • State Bird - White-winged duck.
    • National Parks - Dibru-Saikhowa National Park, Kaziranga National Park, Manas National Park, Nameri National Park, Rajiv Gandhi Orang National Park.
    • Dams - Subansiri Lower Dam(Subansiri River), Karbi Langpi Dam(Borpani River).

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