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Press Release: Government of India releases cheques worth...
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Embassy of India
Thimphu
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Press Release: Government of India releases cheques worth of Rs./Nu. 890 million to Gross National Happiness Commission, RGoB

Mr. S. Koventhan, First Secretary (Eco & Com), Indian Embassy, handed over cheques amounting to Rs. /Nu. 890 million to Mr. Penjor, Sr. Program Coordinator, GNHC, RGoB on 15th June 2018 at India House, Thimphu.

This release of funds of worth Rs./Nu. 890 million pertains to 12 PTA Projects, i.e. (i) Development of Infrastructure and Teaching, College of Natural Resources, (ii) Development of Infrastructure and Teaching, Institute of Language and Cultural Studies, (iii) Development of Infrastructure and Teaching, Gaeddu College of Business Studies (iv) Development of Infrastructure and Teaching, Jigme Namgyel Polytechnic (v) Enhancement of Research, Learning and Training Resources (vi) Gyalposhing-Nganglam Road (vii) Tingtibi-Praling Road (viii) Rayfee-Khosla bypass highway (ix) Promotion of Development of Cottage and Small Industries (x) Construction of Royal Institute of Law (xi) Urban Water Supply System (Other towns) and (xii) Re-location of POL Depot.

Government of India has committed Rs./Nu. 50000 million in the 11th FYP to Royal Government of Bhutan. The detail break-up of the commitment are: Rs./Nu. 28000 million for Project Tied Assistance (PTA), Rs./Nu. 8500 million for Small Development Projects (SDP), Rs./Nu. 8500 million for Program Grant (PG) and Rs./Nu. 5000 million for Economic Stimulus Plan (ESP).

As on date, Government of India has released Rs./Nu. 25471 million for GoI PTA projects, Nu. 8500 million for SDP, Rs./Nu. 8500 million for Program Grant and Rs./Nu. 4400 million for ESP to RGoB. In total, GoI has released Nu. 46871 million to RGoB which is 93.74 % of total committed allocation in the 11th Five Year Plan Period.

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Thimphu
15th June, 2018

 
 
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