International donor agency KfW-Germany would extend financial assistance of 52.5 million euro (approximately Rs 365 crore) to Odisha for funding urban infrastructure projects. KfW has inked four agreements- two with the Government of India and two with the state government for offering the loan assistance.

While KfW signed loan and financing pacts with the Government of India, it entered into project agreement with Odisha government and a separate agreement with Odisha Urban Infrastructure Development Fund (OUIDF).