Central government and the Asian Development Bank (ADB) signed a loan of 42 million dollars.
This financing is intended to promote coastal preservation and boost community resilience in Maharashtra.
ADB funding will contribute to the restoration and stabilisation of Maharashtra’s coastline.
ADB funding will also contribute to the protection of coastal populations’ livelihoods.
ADB will assist the Maharashtra Maritime Board in increasing its capability for shore management planning, including the development of a coastal infrastructure management unit.
The initiative will help stakeholders build capacity in gender equality and social inclusion, coastal management, and livelihood activities.
