Non-plan loan estimates for other countries increased

February 16th, 2009 - 7:13 pm ICT by IANS  

New Delhi, Feb 16 (IANS) 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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