The Asian Development Bank (ADB) has approved a $500 million loan to support India's economic growth by promoting sustainable infrastructure. The loan, guaranteed by the Indian government, will be provided to the India Infrastructure Finance Company Limited (IIFCL) to finance critical infrastructure projects, especially in connectivity and energy transitions. This initiative aims to address India's $1 trillion climate financing gap and build IIFCL's capacity to integrate green practices into infrastructure projects. The funding will also focus on under-resourced sectors like urban projects, education, and healthcare.