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Press Release: Government of India releases cheques worth...
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Press Release
Government of India releases cheques worth of Rs./Nu. 1901.209 million to GNHC

Mrs. Esha Srivastava, Deputy Chief of Mission, Indian Embassy, handed over cheques amounting to Rs/Nu. 1901.209 million (Rs/Nu. 97.64 million for GoI Project Tied Assistance projects, Rs/Nu. 425 million for Programme Grant and Rs/Nu. 1378.569 million for the 3rd Batch of Small Development Project) to Mr. Thinley Namgyal, Secretary GNHC on 23 May, 2017.

This release of funds of worth Rs/Nu 1901.209 million will fund (1) Development of Infrastructure & Teaching, Jigme Namgyel Polytechnic (2) Development of Infrastructure & Teaching, College of Science & Technology (3) Development of Infrastructure & Teaching, Samtse College of Education (4) 15th Installment of Development Subsidy (Programme Grant) for the period January-March 2017 and (5) 3rd Batch of Small Development Project (i.e. 2nd Installment).
Government of India has committed Rs/Nu. 50,000 million as grant assistance to the 11th Five Year Plan of the Royal Government of Bhutan. The detailed break-up of the commitment is: Rs/Nu. 28,000 million for Project Tied Assistance (PTA), Rs/Nu. 8,500 million for Program Grant (PG), Rs/Nu. 8,500 million for Small Development Projects (SDP) and Rs/Nu. 5000 million for Economic Stimulus Plan.

As on date, Government of India has released Rs/Nu. 17028 million for GoI PTA projects, Rs./Nu. 6375 million for Program Grant, Rs./Nu. 7150 million for SDP and Rs./Nu. 4400 million for Economic Stimulus Plan to RGoB. In total, GoI has released Rs./Nu. 34953 million to RGoB which is 70 % of the total GOI commitment for the 11th Five Year Plan Period.

 

Thimphu
23 May. 2017

 
 
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