Podcast
Questions and Answers
What is the primary objective of the USD 98 million loan agreement between India and the Asian Development Bank (ADB)?
What is the primary objective of the USD 98 million loan agreement between India and the Asian Development Bank (ADB)?
- To fund the construction of new infrastructure projects in rural areas.
- To enhance horticulture crop farmers' access to certified disease-free planting materials. (correct)
- To provide financial assistance to senior citizens through specialized savings accounts.
- To promote the development of renewable energy sources in India.
Which of the following is a component of the 'Building India's Clean Plant Programme'?
Which of the following is a component of the 'Building India's Clean Plant Programme'?
- Providing financial services to customers aged 55 years and above.
- Developing infrastructure for renewable energy projects.
- Offering specialized savings accounts for senior citizens.
- The USD 98 million loan agreement between India and the ADB. (correct)
What specific demographic is the 'Esteem Savings Account' designed to serve?
What specific demographic is the 'Esteem Savings Account' designed to serve?
- Young adults starting their careers.
- Senior citizens aged 55 years and above. (correct)
- Students pursuing higher education.
- Small business owners and entrepreneurs.
Which entity launched the 'Esteem Savings Account'?
Which entity launched the 'Esteem Savings Account'?
Who signed the loan agreement on behalf of the Department of Economic Affairs (DEA)?
Who signed the loan agreement on behalf of the Department of Economic Affairs (DEA)?
In which month and year was the USD 98 million loan agreement signed between the Government of India and the Asian Development Bank?
In which month and year was the USD 98 million loan agreement signed between the Government of India and the Asian Development Bank?
Besides enhancing access to disease-free planting materials, what broader goal does the USD 98 million loan aim to achieve?
Besides enhancing access to disease-free planting materials, what broader goal does the USD 98 million loan aim to achieve?
What is the role of Kai Wei Yeo in the loan agreement between India and the ADB?
What is the role of Kai Wei Yeo in the loan agreement between India and the ADB?
Where is the headquarters of Federal Bank Limited, which launched the 'Esteem Savings Account'?
Where is the headquarters of Federal Bank Limited, which launched the 'Esteem Savings Account'?
What is the main service provided by the 'Esteem Savings Account' launched by Federal Bank Limited?
What is the main service provided by the 'Esteem Savings Account' launched by Federal Bank Limited?
Flashcards
Esteem Savings Account
Esteem Savings Account
A savings account launched by Federal Bank Limited for senior citizens aged 55 and above, offering customized financial services.
India-ADB Horticulture Loan
India-ADB Horticulture Loan
A 98 million USD loan agreement between the Government of India and the Asian Development Bank (ADB).
Horticulture Loan Aim
Horticulture Loan Aim
Enhancing horticulture crop farmers' access to certified disease-free planting materials
Building India's Clean Plant Programme
Building India's Clean Plant Programme
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Study Notes
- Federal Bank Limited, an Indian Private Sector Bank based in Aluva, Kerala, has introduced the 'Esteem Savings Account'.
- The account provides customized financial services.
- It caters to customers aged 55 years and above, addressing their diverse financial needs.
India and ADB
- In November 2024, India and the Asian Development Bank (ADB) signed an agreement for a USD 98 million loan.
- The aim is to enhance horticulture crop farmers' access to certified disease-free planting materials.
- The loan pact is part of the "Building India's Clean Plant Programme".
- It was signed by Juhi Mukherjee, Joint Secretary, Department of Economic Affairs (DEA), Ministry of Finance (MoF).
- Kai Wei Yeo, Officer-in-Charge of ADB's India Resident Mission also signed the agreement.
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