Japan has extended an official development assistance loan worth ₹7,084.53 crore for various developmental projects in India. The loan will fund the construction of Patna metro rail in Bihar, West Bengal Forest and biodiversity conservation for climate change response, and Rajasthan water sector project. The Union finance ministry has recently signed agreements for these projects, with the Patna metro rail construction estimated at ₹5,509 crore, West Bengal Forest and biodiversity conservation at ₹520 crore, and the Rajasthan water sector livelihood improvement project at ₹1,055.53 crore.
The Patna metro rail project aims to cater to the increasing traffic demand by constructing new metro corridors 1 and 2, contributing to the improvement of the urban environment, development of the economy, and mitigation of climate change. The West Bengal project aims to mitigate and adapt to climate change, conserve and restore ecosystems, promote livelihood improvement activities and institutional strengthening, thereby contributing to sustainable socio-economic development in the state. The Rajasthan project aims to improve the livelihoods of farmers, promote gender mainstreaming in the agriculture and irrigation sector by improving water use efficiency, and enhancing agriculture productivity through the improvement of existing irrigation facilities, thereby contributing to socio-economic development in the state. The statement further added that this is the second tranche loan for the Rajasthan water sector project.
The focus on these developmental projects is expected to bring about significant positive changes in the lives of people, particularly farmers, and promote sustainable socio-economic growth in the states of Bihar, West Bengal, and Rajasthan.