The World Bank and the Asian Development Bank (ADB) have agreed to provide about $800 million (approximately Rs 3,500 crore) for the development of rural roads. Of this, the World Bank will give $300 million and ADB will give $500 million.
The funds are likely to flow in this year, coinciding with the launch of Phase-III of the Pradhan Mantri Gramin Sadak Yojana.
This was revealed by Rural Development Minister Ananth Kumar during the meeting of the parliamentary consultative committee attached to his ministry.