ADB Aid for Improving Healthcare in Maharashtra | 24 Aug 2024

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.