NEW DELHI: The Asian Development Bank (ADB) will provide a $100 million loan to Assam government for fiscal reforms to free up resources needed to boost the state economy and reduce poverty in rural hinterlands.

The Japan Special Fund, through ADB, will also provide technical assistance of $600,000 for capacity development and for supporting programme implementation.

The state government will contribute a further $150,000.

The loan and technical assistance will focus on increasing the revenue department’s administrative capacity including implementation of new information and communication technology systems.

It will also take steps to further improve expenditure management, strengthen debt management systems, and close a number of loss-making public sector enterprises, ADB said in a release. (Business Standard)