ADB releases $21.6 million for Mizoram healthcare scheme
In short
ADB released $21.6 million on October 29 to India’s Finance Ministry for Mizoram’s healthcare scheme. The money is part of a $108 million loan, and the release came after Mizoram met two progress targets under the programme.
What the reporting says
ADB released $21.6 million to the Union Ministry of Finance on October 29 for Mizoram’s healthcare scheme after the state achieved two Disbursement Linked Indicators under the programme. The tranche is part of a $108 million loan. The release marks the first disbursement tied to the scheme’s progress.
Why it matters
ADB’s $21.6 million disbursement on October 29 went to the Union Ministry of Finance after Mizoram met two Disbursement Linked Indicators under the programme. The payment is the first tranche of a $108 million loan for the state’s healthcare scheme. The move links funding to performance milestones and advances the programme’s financing.