ADB to double rural spread
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02/07/2004
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Financial Express (New Delhi)
The Asian Development Bank (ADB) will double its sanctions for the development of the rural sector for 2005-07 at Rs 11,500 crore. A large chunk of the total sum will be directed towards completion of various projects, under the government's Accelerated Irrigation Benefits Programme (AIBP). The spread coincides with the rural flavour in the United Progressive Alliance (UPA) agenda. The common minimum programme (CMP) driving the UPA government also emphasises on the AIBP.