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The Maharashtra government approved the Maharashtra Agribusiness Network (MagNet) project worth about Rs 1,000 crore. Which among the following bank will provide 70% of fund to the project?
  • a)
    Asian Infrastructure Investment Bank (AIIB)
  • b)
    New Development Bank (NDB)
  • c)
    Asian Development Bank (ADB)
  • d)
    World Bank (WB)
  • e)
    None of these
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
The Maharashtra government approved the Maharashtra Agribusiness Netwo...
The Maharashtra government approved the Maharashtra Agribusiness Network (MagNet) project worth about Rs 1,000 crore (USD 142.9 million). The project aims to help farmers across all districts in the state for the next 6 years. This will boost the fruit and vegetable production and will improve processing and minimise the losses in the sector of perishables. 70% of the project cost will be funded by Asian Development Bank(ADB) while the rest of 30% by the state government.
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The Maharashtra government approved the Maharashtra Agribusiness Network (MagNet) project worth about Rs 1,000 crore. Which among the following bank will provide 70% of fund to the project?a)Asian Infrastructure Investment Bank (AIIB)b)New Development Bank (NDB)c)Asian Development Bank (ADB)d)World Bank (WB)e)None of theseCorrect answer is option 'C'. Can you explain this answer?
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The Maharashtra government approved the Maharashtra Agribusiness Network (MagNet) project worth about Rs 1,000 crore. Which among the following bank will provide 70% of fund to the project?a)Asian Infrastructure Investment Bank (AIIB)b)New Development Bank (NDB)c)Asian Development Bank (ADB)d)World Bank (WB)e)None of theseCorrect answer is option 'C'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about The Maharashtra government approved the Maharashtra Agribusiness Network (MagNet) project worth about Rs 1,000 crore. Which among the following bank will provide 70% of fund to the project?a)Asian Infrastructure Investment Bank (AIIB)b)New Development Bank (NDB)c)Asian Development Bank (ADB)d)World Bank (WB)e)None of theseCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The Maharashtra government approved the Maharashtra Agribusiness Network (MagNet) project worth about Rs 1,000 crore. Which among the following bank will provide 70% of fund to the project?a)Asian Infrastructure Investment Bank (AIIB)b)New Development Bank (NDB)c)Asian Development Bank (ADB)d)World Bank (WB)e)None of theseCorrect answer is option 'C'. Can you explain this answer?.
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