<h1>India Secures $350M Loan from New Development Bank to Upgrade 1,500 km of Roads in Madhya Pradesh.</h1> India has entered into its first loan agreement with the New Development Bank, securing $350 million for the development and upgrade of major district roads in Madhya Pradesh. The agreement was signed by representatives from India's Department of Economic Affairs and the New Development Bank. The project aims to enhance connectivity by upgrading approximately 1,500 kilometers of district roads to all-weather standards, incorporating road safety features and improved maintenance management. This initiative is expected to improve transport connectivity and boost economic activity in rural areas. The project is set to be implemented over five years, with the Government of Madhya Pradesh and the Madhya Pradesh Road Development Corporation as the implementing agencies.