Saturday 18th May 2024

India handed 1.54 billion to Ministry of Finance of Nepal

Published on : 24 September, 2020 6:29 am

Kathmandu : On 22nd September, 2020, Ms. Namgya Khampa, Deputy Chief of Mission of Embassy of India, handed over cheques worth NPR 1.54 billion (about INR 96 crore) to Mr. Sishir Kumar Dhungana, Secretary, Ministry of Finance of Nepal towards housing & school sector assistance under Government of India’s post-earthquake reconstruction commitment.

India has committed US$ 150 million in grant and Line of Credit towards housing sector projects supported by the Government of India.

With this handover, India has reimbursed about USD 72 million from grant to Government of Nepal for housing sector reconstruction. Out of Government of India’s commitment to rebuild 50,000 houses in Gorkha and Nuwakot districts, 92% of the houses have been completed .

Similarly, Government of India has committed support for reconstruction of 70 schools and 1 library under US$ 50 million grant assistance. Out of this, the first tranche of USD 4.2 million for ongoing schools was reimbursed to Government of Nepal.

Government of India remains committed to continue supporting the people and Government of Nepal in their post-earthquake recovery efforts.

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