GOI RE­LEASES NU 40BN FOR BHUTAN’S 11TH FYP

Business Bhutan - - Nation -

The Gov­ern­ment of In­dia (GoI) has re­leased over Nu 40bn so far for the 11th Five Year Plan. This roughly comes to over 80% of the to­tal GoI com­mit­ment for the 11th FYP. The In­dian Em­bassy on Thurs­day handed over a cheque amount­ing to Nu 132mn to the gov­ern­ment. The funds are ex­pected to be used to ex­pand tech­ni­cal train­ing in­sti­tute in Dek­il­ing, Sarpang; and im­prove ur­ban in­fra­struc­ture devel­op­ment in Bumthang both un­der the Project Tied As­sis­tance.

Last week, the GoI handed over cheques worth Nu 455mn to the Gross Na­tional Hap­pi­ness Com­mis­sion. The fund is a Pro­gramme Grant for the pe­riod of Oc­to­ber-De­cem­ber 2017 and also for con­struc­tion of Anim She­dra in Mong­gar, a project tied as­sis­tance project.

The In­dian Gov­ern­ment has com­mit­ted a to­tal of Nu 50bn as plan as­sis­tance for the 11th FYP from 2013 un­til 2018. Over half of this com­mit­ment is for the Project Tied As­sis­tance (Nu 28bn) while the Small Devel­op­ment Projects and Pro­gram Grant will get Nu 8.5bn each. Ad­di­tion­ally, Nu 4.4bn was com­mit­ted for Eco­nomic Stim­u­lus Plan.

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