The gov­ern­ment of In­dia releases ad­di­tional fund

Bhutan Times - - Front Page - Deki Lha­zoom

Bhutan re­ceived a sum of Nu. 1,967.628 mil­lion from the Gov­ern­ment of In­dia by cheques for project tied as­sis­tance projects and small devel­op­ment projects

The Sec­re­tary of the Gross Na­tional Hap­pi­ness Com­mis­sion, Sonam Wangchuk re­ceived the cheque from the Am­bas­sador of In­dia to Bhutan Mr. Jaideep Sarkar, Out of 1,967.628 mil­lion , Nu. 414.32 mil­lion is for Gov­ern­ment of In­dia project tied as­sis­tance projects and Nu. 1,553.308 mil­lion for small devel­op­ment project.

This re­lease of funds of worth Nu. 1967.628 mil­lion per­tains to prepa­ra­tion of de­tailed project re­port for KuriGon­gri , es­tab­lish­ment of gov­ern­ment data cen­tre, strength­en­ing of agri­cul­ture and mar­ket­ing trade, Royal In­sti­tute of Gover­nance and Strate­gic Stud­ies (RIGSS) , con­struc­tion of Elec­tion Com­mis­sion of Bhutan, au­to­mate G2C and G2B’ project, au­to­mate G2G project , con­struc­tion of re­ha­bil­i­ta­tion cen­tre and sec­ond in­stall­ment of 2nd Batch 60% small devel­op­ment projects .

The Sec­re­tary of the Gross Na­tional Hap­pi­ness Com­mis­sion thanked Gov­ern­ment of In­dia for the timely re­lease of funds. He in­formed that the Bhutan-In­dia Devel­op­ment co­op­er­a­tion projects were at ad­vance stage of im­ple­men­ta­tion and ef­forts were be­ing made to com­plete most projects on sched­ule and re­quested if re­main­ing re­lease of funds could be pro­cessed at an early date.

The Gov­ern­ment of In­dia has com­mit­ted Nu. 45,000 mil­lion in the 11th Five year Plan to Bhutan. The de­tail break-up of the com­mit­ment is Nu. 28,000 mil­lion for project tied as­sis­tance (PTA), Nu. 8,500 mil­lion for pro­gram grant (PG) and Nu. 8,500 mil­lion for small devel­op­ment projects (SDP).

In this fi­nan­cial year (April 2015 – March 2016), the Gov­ern­ment of In­dia has re­leased Nu. 11,178.471 mil­lion. A sum of Nu. 5,889.659 mil­lion for project tied as­sis­tance (PTA) , Small Devel­op­ment Project (SDP) Nu. 3,588.812 mil­lion and Pro­gramme Grant (PG) Nu. 1700 mil­lion). As on date, Gov­ern­ment of In­dia has re­leased Nu. 10,769.93 mil­lion for Go I project tied as­sis­tance projects, Nu. 4,250 mil­lion for pro­gram grant and Nu. 4,524.422 mil­lion for small devel­op­ment projects to Bhutan .

In to­tal, the gov­ern­ment of In­dia has re­leased Nu. 19,544.352 mil­lion to Bhutan which is 43.43 % of to­tal com­mit­ted al­lo­ca­tion in the 11th Five Year Plan Pe­riod.

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