<h1>India and ADB Sign $60 Million Loan to Combat Flooding and Erosion in Assam, Enhance Risk Management.</h1> The Government of India and the Asian Development Bank (ADB) signed a $60 million loan agreement to address flooding and riverbank erosion in Assam. This funding is part of a $120 million multi-tranche financing facility aimed at improving flood risk management along the Brahmaputra River. The project will include 20 km of riverbank protection, upgrading 13 km of flood embankments, and enhancing community-based flood risk management. It will also support institutional capacity development through the Flood and River Erosion Management Agency of Assam and the Assam State Disaster Management Authority. The loan term is 20 years with a 5-year grace period.