Non-plan loan estimates for other countries increased
By IANSSunday, February 15, 2009
NEW DELHI - India has increased its estimate for loans and grants for other countries this fiscal by 51.4 percent, with major loans to Nepal and the Maldives.
The total non-plan loans and grants revised estimate is Rs.22.49 billion — up from Rs.14.85 billion.
The major part of the increase is accounted by a large loan of Rs.5 billion to the Maldives and another loan of Rs.3 billion to Bhutan, this year.
India had offered a standby credit facility of $100 million to the Maldives, when the newly elected President Mohammed Nasheed had visited Delhi in December.
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