Japan extends Rs.2,557 crore loan to India
February 17th, 2011 - 6:14 pm ICT by IANSNew Delhi, Feb 17 (IANS) Japan has extended India a Rs.2,557 crore ($568.22 million) loan to fund three projects related to agriculture, forestry and environment, an official statement said Thursday. Over two-thirds of the new loan package extended under Japan’s official development assistance (ODA) programme will be used to improve the water quality of the Yamuna river in Delhi.
The total cost of the Yamuna Action Plan Project-III is estimated at Rs.2,240.53 crore, of which Japan has committed to providing Rs.1794.66 crore.
“The objective of the project is to improve the water quality in river Yamuna by augmenting sewage treatment capacity with renovation, rehabilitation and replacement of the existing sewerage system and by implementing public outreach activities in National Capital Territory of Delhi,” the finance ministry said in a statement here.
India is the largest recipient of Japan’s official development assistance loan. Japan has so far committed Rs.174,378.35 crore loan under this scheme to India.
Under the new package, a Rs.275.55 crore loan is committed for the Himachal Pradesh crop diversification promotion project and Rs.486.47 crore for the Tamil Nadu biodiversity conservation and greening project.
- Japan commits $1.9 bn loan for Indian projects - Jun 06, 2011
- Nod to Yamuna Action Plan's third phase for Delhi - Dec 01, 2011
- Japan extends Rs.10,566 crore loan for 6 projects - Mar 31, 2010
- Urban sanitation hopelessly inadequate: Parliament panel - Apr 30, 2012
- Punjab to complete river cleaning project by 2013 - Apr 27, 2012
- Cleaning Yamuna to miss 2015 target: Jairam - Mar 27, 2011
- Rs.305.34 crore plan to clean Ganga at Allahabad approved - Apr 23, 2010
- Japan to continue supporting forestry projects in India - Dec 02, 2011
- Coming soon, a regulator for water and sanitation - Apr 08, 2010
- CCI approves project for to make Yamuna River pollution free - May 19, 2010
- World Bank to provide $770 mn loan for three Andhra projects - Jan 22, 2010
- Himachal river project gets more funds - Dec 14, 2011
- From streetscaping to lights - CAG slams Delhi government - Aug 05, 2011
- Himachal taps 7,923 MW of hydropower - Mar 29, 2012
- Japan helping India clean Yamuna: Natarajan - Dec 19, 2011
Tags: agriculture forestry, assistance loan, crop diversification, development assistance, finance ministry, himachal pradesh, loan package, national capital territory, New Delhi, promotion project, public outreach activities, renovation, river yamuna, sewage treatment, sewerage system, tamil nadu, two thirds, water quality, yamuna action plan, yamuna river