India pledged to provide 4500 crore rupees Assistance Package to Bhutan
Government of India (GOI) announced to provide 4500 crore rupees Assistance Package to Bhutan for its 11th Five Year Plan.
Government of India (GOI) announced to provide 4500 crore rupees Assistance Package to Bhutan for its 11th Five Year Plan. The 11th Five Year Plan will cover the period 1 July 2013 to 30 June 2018. The package will help the landlocked country to implement major projects over the 11th Five Year Plan that will improve the livelihood of its people.
The decision was taken at the first meeting of the Small Development Project Committee (SDP). The Committee reviewed the SDP activities of the 10th Plan and expressed satisfaction with their positive impact on the livelihoods of the people in rural Bhutan.
Out of 4500 crore rupees, 2800 crore rupees will be contributed as Project Tied Assistance (PTA), 850 crore rupees as Small Development Projects and 850 crore rupees as Development Subsidy or Program Grant to boost the Bhutanese economy and help the RGOB to tackle the liquidity shortage.
During the visit of the Prime Minister of Bhutan, Lyonchhen Tshering Tobgay to India from 30 August 2013 to 4 September 2013 GOI agreed to provide Assistance Package for Bhutan's 11th Five Year Plan.