Rapid Fire
ADB Aid for Improving Healthcare in Maharashtra
- 24 Aug 2024
- 1 min read
The Asian Development Bank (ADB) committed a loan package of USD 500 million to improve access to quality and affordable tertiary health care and medical education in Maharashtra.
- It will help establish four medical colleges incorporating climate and disaster-resilient, gender-responsive, and socially inclusive features in under-served districts.
- It will reduce out-of-pocket expenses, and create policy actions for recruiting and retaining quality medical staff.
- It envisages hiring at least 500 new doctors for four new governmental medical colleges.
- It will help establish India's first state led health care and medical education centres of excellence (CoE).
- About ABD:
- The ADB is a multilateral development bank focused on reducing poverty and improving quality of life in its developing member countries.
- It was established in 1966, with 31 members.
- Currently, ADB has 68 members of which 49 are from within Asia and the Pacific and 19 outside.
- It is headquartered in Manila, Philippines.
- India is a founding member of ADB and its fourth largest shareholder after the US, China and Japan.
Read More: ADB's Commitment to India's Development
