KVIC to get Rs 750-crore aid from ADB to strengthen khadi societies
The KVIC will get a Rs 750 crore aid from the Asian Development Bank to strengthen khadi societies by replacing obsolete looms with modern equipment, Union Minister of State for Small and Medium Enterprises KH Muniyappa today said.
Multilateral lending agency Asian Development Bank or ADB Tuesday said it would extend $700 million or around Rs.3,360 crore loan to India to accelerate infrastructure projects through public-private partnership initiatives.