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Asian Development Bank provides $1 billion in smart city loans

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International bodies such as the World Bank and the Asian Development Bank are willing to fund smart city projects in India. Image source: Shutterstock (#421800205).

India is pushing its top 20 smart cities to apply for funding from international bodies such as the World Bank and the Asian Development Bank (ADB). While the World Bank stated that India’s smart city mission could get up to $500 million, the ADB has agreed to provide $1 billion in loan assistance.

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