India Reimburses Rs 3.1 billion to Nepal Government for Housing Project

  172 times read   1 min 58 sec to read
India Reimburses Rs 3.1 billion to Nepal Government for Housing Project

November 14: EXIM Bank of India, on behalf of the Government of India,  released NRs 3.1 billion to the Government of Nepal from concessional Line of Credit towards reimbursement of the third tranche of housing reconstruction in Nuwakot and Gorkha districts on Wednesday, November 13.

The Indian government had pledged USD 50 million from Line of Credit to support reconstruction of 50,000 private houses in Nuwakot and Gorkha districts in Nepal.

In addition to this, India committed USD 100 million as grant for supporting these houses.

So far, India has reimbursed NRs 6.96 billion towards reimbursement of first and second tranches to home owners, the Indian Embassy in Kathmandu said in a statement.

The support by Government of India also includes provision of socio-technical facilitation to the home owners to encourage them to rebuild their homes as per the Government of Nepal’s earthquake resilient norms, the statement added.

The Indian Embassy said that the Government of India remains committed to continue supporting the people and the Government of Nepal for completion of the post-earthquake reconstruction projects in Nepal.

 

No comments yet. Be the first one to comment.