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ADB approves $1.5 bn loans to India for COVID-19 vaccine procurement

ADB approves $1.5 bn loans to India for COVID-19 vaccine procurement

The Asian Development Bank (ADB) has given its approval for a $1.5 billion loan (approx Rs 11,185 crore) to the Government of India. the loan amount will help in purchasing safe and effective vaccines against the coronavirus (COVID-19).

  • India will procure at least 66.7 crore COVID-19 vaccine doses for an estimated 31.7 crore people of the country.

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