India Approves USD 340 Million Loan to Nepal for Development Programmes (Download PDF)

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India has sanctioned a soft loan of 340 million US dollar to Nepal. The loan will be used in developing various infrastructure development Programmes. It is a symbol of close friendship between India and Nepal. The move is a part of India’s commitment for strengthening infrastructure in Nepal.

India Approves USD 340 million Loan to Nepal

India Approves USD 340 Million Loan to Nepal

India Approves USD 340 million Loan to Nepal

Highlights

  • Indian Ambassador to Nepal Ranjit Rae handed over approval papers to Physical Infrastructure and Transport Minister of Nepal Ramesh Lekhak in presence of Railways Minister Suresh Prabhu.
  • Under this programme Mahalaki bridge and 15 roads will be constructed in various parts of Nepal.
  • The loan will be used in developing various infrastructure development Programmes.
  • Completion of infrastructural projects will not only strengthen physical connectivity but also emotional bonding between the people of both the countries.
  • Both ministers and senior officers of India and Nepal discussed various developmental issues in a closed door meeting.

About Nepal

Image shows Location of Nepal

Image Shows Location of Nepal

Image shows Location of Nepal

  • Capital: Kathmandu
  • Government: Federal parliamentary republic
  • Currency: Nepalese rupee (NPR)
  • Motto: Mother and Motherland are Greater than Heaven
  • It is a landlocked central Himalayan country in South Asia.
  • It is a multiethnic nation with Nepali as the official language.
  • Nepal has a vast potential to generate hydropower for export.
Image shows Flag of Nepal

Image Shows Flag of Nepal

Image shows Flag of Nepal

- Published/Last Modified on: March 17, 2017

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