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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. 93.8885 Crore to GNHC

Mrs. Esha Srivastava, Deputy Chief of Mission, Indian Embassy, handed over cheques amounting to Rs/Nu. 93.8885 Crore (Rs/Nu. 51.3885 Crore for GoI Project Tied Assistance projects and Rs/Nu. 42.5 Crore for Programme Grant) to Mr. Thinley Namgyal, Secretary GNHC on 27 June, 2017.

This release of funds of worth Rs/Nu. 93.8885 Crore will fund the PTA Projects (1) Upgradation of Simtokha-Wangdue Highway (65 Km) (2) Construction of 40 bedded Dewathang Hospital and 16th Installment of Development Subsidy (Programme Grant) for the period April-June 2017

Government of India has committed Rs/Nu. 5000 Crore 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. 2800 Crore for Project Tied Assistance (PTA), Rs/Nu. 850 Crore for Program Grant (PG), Rs/Nu. 850 Crore for Small Development Projects (SDP) and Rs/Nu. 500 Crore for Economic Stimulus Plan.

As on date, Government of India has released Rs/Nu. 1754.2 Crore for GoI PTA projects, Rs./Nu. 680 Crore for Program Grant, Rs./Nu. 715 Crore for SDP and Rs./Nu. 440 Crore for Economic Stimulus Plan to RGoB. In total, GoI has released Rs./Nu. 3589.2 Crore to RGoB which is 71.78 % of the total GOI commitment for the 11th Five Year Plan Period.

27 June 2017

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