India hands over Rs 1.54 billion cheque to Nepal

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September 24, 2020, 12:10:33 PM |

KATHMANDU: Namgya Khampa, deputy chief of mission of Embassy of India, handed over cheques worth Rs 1.54 billion to Sishir Kumar Dhungana, secretary, Ministry of Finance as a part of housing and school sector assistance under India’s post-earthquake reconstruction commitment.

India had committed $ 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 $72 million from grant to Nepal for housing sector reconstruction.

Out of India’s commitment to rebuild 50,000 houses in Gorkha and Nuwakot districts, 92% of the houses have been completed.

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

Fiscal Nepal |

Thursday September 24, 2020, 12:10:33 PM |