Aizawl, Aug 19 - The Asian Development Bank (ADB) will give a $100-million loan to India's northeastern state of Mizoram for strengthening service delivery in the social sector, officials said here Wednesday.
'Under the Mizoram Public Resource Management Programme (MPRMP), the ADB credit would be utilised for strengthening service delivery in the education and health sectors,' Vanlalruata, additional secretary at the state finance department, told reporters.
'The advance would also help the government create fiscal space by taking steps to raise additional revenue from tax and non-tax sources, and improve debt management, including pre-payment of high cost loans,' he said.
The bank's board of directors sanctioned the loan Tuesday in Manila, Vanlalruata said.
ADB had earlier agreed to provide Rs.1,371.4 crore to the North Eastern Urban Development Programme (NEUDP) to improve basic municipal services in the capital cities of Agartala, Aizawl, Shillong, Gangtok and Kohima in the region.