<p>The Asian Development Bank (ADB) on Tuesday said it has approved USD 1.5 billion loan to India to help fund its fight against coronavirus pandemic.</p>.<p><strong><a href="https://www.deccanherald.com/national/coronavirus-live-updates-india-records-highest-deaths-in-a-single-day-toll-stands-at-886-tally-crosses-28000-827545.html">Follow latest updates on the COVID-19 pandemic here</a></strong></p>.<p>The loan has been sanctioned with a view to support immediate priorities such as disease containment and prevention, as well as social protection for the poor and economically vulnerable sections.</p>.<p>It is fully committed to supporting the Indian government in its response to this unprecedented challenge, said ADB President Masatsugu Asakawa.</p>.<p><strong>Also Read: <a href="https://www.deccanherald.com/national/coronavirus-state-wise-india-update-total-number-of-confirmed-cases-deaths-on-april-28-830791.html">Coronavirus India update: State-wise total number of confirmed cases, deaths</a></strong></p>.<p>"The quick-disbursing fund is part of a larger package of support that ADB will provide in close coordination with the government and other development partners.</p>.<p>"We are determined to support India's COVID-19 response programs and ensure that they provide effective support to the people of India, especially the poor and vulnerable," Asakawa said in a statement.</p>
<p>The Asian Development Bank (ADB) on Tuesday said it has approved USD 1.5 billion loan to India to help fund its fight against coronavirus pandemic.</p>.<p><strong><a href="https://www.deccanherald.com/national/coronavirus-live-updates-india-records-highest-deaths-in-a-single-day-toll-stands-at-886-tally-crosses-28000-827545.html">Follow latest updates on the COVID-19 pandemic here</a></strong></p>.<p>The loan has been sanctioned with a view to support immediate priorities such as disease containment and prevention, as well as social protection for the poor and economically vulnerable sections.</p>.<p>It is fully committed to supporting the Indian government in its response to this unprecedented challenge, said ADB President Masatsugu Asakawa.</p>.<p><strong>Also Read: <a href="https://www.deccanherald.com/national/coronavirus-state-wise-india-update-total-number-of-confirmed-cases-deaths-on-april-28-830791.html">Coronavirus India update: State-wise total number of confirmed cases, deaths</a></strong></p>.<p>"The quick-disbursing fund is part of a larger package of support that ADB will provide in close coordination with the government and other development partners.</p>.<p>"We are determined to support India's COVID-19 response programs and ensure that they provide effective support to the people of India, especially the poor and vulnerable," Asakawa said in a statement.</p>