India, ADB sign 100 Million USD loan agreement for Cauvery Delta project in Tamil Nadu
The Union Government and the Asian Development Bank (ADB) have signed a 100 million US dollars loan agreement to strengthen key irrigation and drainage system and improve water management in the Vennar sub-basin of the Cauvery delta in Tamil Nadu. The financing will be used to strengthen embankments of six major irrigation water channels in the Vennar system and rehabilitate 13 irrigation pumping schemes as Cauvery river basin is a critical source of water for agriculture, both within Tamil Nadu and neighboring states.
The agreement has been signed by Mr. Raj Kumar, Joint Secretary (Multilateral Institutions), Department of Economic Affairs, Ministry of Finance, on behalf of the Government of India and Mr. L. B. Sondjaja, Deputy Country Director of ADB's India Resident Mission. The flood forecasting and warning systems will also be installed and a flood risks map drawn up to help communities respond more effectively to extreme events. The loan from ADB's ordinary capital resources has a 25-year term. The Water Resources Department of the State of Tamil Nadu is responsible for implementing the project, which is expected to be completed by December 2020.
So let's discuss some questions related to this post:
1. Name the organization with which India has signed a 100 Million USD loan agreement for Vennar sub-basin of Cauvery delta project?
2. The Vennar sub-basin of Cauvery delta project is located in which state?