Which of the following has approved a $112 million loan to strengthen skills education and training through the establishment of the Assam Skill University (ASU)?

The correct answer is ADB. Key Points The Asian Development Bank (ADB) has approved a $112 million loan to strengthen skills education and training through the establishment of the Assam Skill University (ASU). An additional $1 million grant from the Japan Fund for Poverty Reduction will support the introduction of technologies for smart campus management and integrated teaching, learning, and career development management. ​The project will improve the skills and employability of youth and adults , especially women and disadvantaged groups , and their prospects of getting higher-paying, decent jobs. The project will develop the capacity of the ASU faculty to support and manage entrepreneurship, applied research and development (R&D), and technology transfer. Additional Information Recent Initiatives by ADB : The Asian Development Bank (ADB) and the Government of India have signed a $100 million loan to promote an agribusiness network to boost farm incomes and reduce food losses in Maharashtra. The central government and the Asian Development Bank have signed a $4.5 million project readiness financing (PRF) loan. The ADB (Asian Development Bank) in October 2021 decided to elevate its ambition to deliver climate financing to its developing member countries to USD 100 billion from 2019–2030. In September 2021, ADB has approved a $60 million loan as additional support for the ongoing Electricity Grid Modernization Project that is upgrading power transmission and distribution systems in Nepal. ADB: Headquarters - Mandaluyong, Philippines. President - Masatsugu Asakawa. Founded On - 19 December 1966.