ADB approves $150 million loan for T.N. urban poor housing project
Sakshi Education
On September 3, 2021, Asian Development Bank (ADB) approved a $150 million loan for Tamil Nadu Urban Poor Housing Project.
ADB approves $150 million loan for T.N. urban poor housing project
According to ADB, Tamil Nadu is vital for the economic growth of India. It is currently contributing 8.54 per cent to the Gross Domestic Product (GDP).
Economic opportunities in the state have boosted rural-urban migration rate. In India, Tamil Nadu already has one of the highest urbanization rates.
In Tamil Nadu, housing shortfall accounts for 6.66 per cent of the national deficit. When it is mapped against income level, most of the shortage are borne by the low-income households.
