Loans and Grants in News 2021

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Loans and Grants 2021 (January to December)

Loans and Grants by Asian Development Bank (ADB)

Loan AmountReceived ByPurpose
 

 

US$100 million

Maharashtra Agribusiness Network (MAGNET) ProjectThe government of India (GoI) and Asian Development Bank (ADB) inked a US$100 million loan agreement for Maharashtra Agribusiness Network (MAGNET) Project.
 

$4.5 million

Aizawl Sustainable Urban Transport ProjectThe government of India (GoI) and the Asian Development Bank (ADB) signed a $4.5 million Project Readiness Financing (PRF) loan agreement to support Aizawl Sustainable Urban Transport Project.
USD 150 millionTamil Nadu, IndiaFor building sustainable housing projects for Urban Poor in Tamil Nadu to provide safe, affordable housing infrastructure and services to vulnerable sections.
USD 251 millionChennai, IndiaFor urban flood protection and management in the Chennai–Kosasthalaiyar river basin in India.
$1 billionDelhi, IndiaFor the construction of the Delhi-Meerut Regional Rapid Transit System (RRTS)
Rs 2,200 croreRajasthan, IndiaFor the development of the secondary towns in Rajasthan.
Rs 831 crore or, USD 112 millionJharkhand, IndiaTo finance water supply infrastructure in Jharkhand.
$300 million (additional loan)Maharashtra, Indiafor the ongoing Maharashtra Rural Connectivity Improvement Project
USD 500 millionBengaluru metro rail corporation (BMRCL)to expand the metro rail network in Bengaluru
USD 231 millionAssam, IndiaTo augment electricity generation capacity in Assam.
$10 millionHimachal Pradeshto expand horticulture production in Himachal Pradesh
$100 millionBengaluru. KarnatakaTo upgrade the power distribution system in Bengaluru.
$484 millionGovernment of IndiaThe Asian Development Bank (ADB) and the Government of India  signed a $484 million loan to improve transport connectivity and facilitate industrial development in the Chennai–Kanyakumari Industrial Corridor (CKIC) in the state of Tamil Nadu
$2.5 millionGovernment of  IndiaADB and India signed an agreement for a road-up-gradation project in Sikkim. ADB will give a $2.5 million project readiness financing (PRF) loan to support projects related to upgradation of major district roads in Sikkim
Rs 100 croreMedanta Hospital , DelhiTo provide health care services and medical equipment to fight the COVID-19 pandemic to Medanta hospital.
250 million USD (almost Rs 1873 crore)National
Industrial
Corridor
Development
Program (NICDP)
of India
To support India’s reform agenda, such as

•  Strengthen industrial infrastructure

• Provide support to enhance the competitiveness of India’s manufacturing sector

• Increase the share of manufacturing in the Gross Domestic Products (GDP)

• Generate a high level of formal employment.

$61 million

 

(INR 453 Crore)

Agartala, Tripura, India• Loan under ‘Agartala City Urban Development Project’ to improve livability, harness technology, and promote new developments to accommodate the expanding population in the city of Agartala, Tripura.
$ 300 millionGovernment of India• To improve primary health care in urban areas. The project will benefit over 256 million across 13 states, including 51 million people from slum areas
$ 100 millionDomestic

 

manufacturers of Covid-19 vaccines

To boost Covid-19 vaccines manufacturing capabilities as well as for exports
$ 125 million

 

(938 crore)

UttarakhandThe funds will be utilised to improve access to quality water supply and sanitation services for the entire population of the state.
$500 million

 

(Rs 3,752 crore)

IndiaTo improve the quality of India’s school education and mitigate the impact of the COVID-19 pandemic on students’ learning.
350 million USD

 

(Rs 2653 crore)

IndiaThis loan supports the policies formulated by the Ministry of Housing and Urban Affairs (MoHUA) to benefit the urban poor, economically weaker sections, and low-income groups.
$ 112 millionAssam Skill

 

University (ASU)

To enhance the productivity and competitiveness of Assam’s economy and industries.

Loans and Grants by Asian Development Bank (ADB) and Asian Infrastructure Investment Bank (AIIB)

Loan AmountReceived ByPurpose
2 billion USD

 

AIIB = USD 500 million

ADB= USD 1.5 Billion

Government of India• To purchase COVID-19 vaccines under ADB’s Asia Pacific Vaccine Access Facility (APVAX).

 

 

Loans and Grants World Bank

Loan AmountReceived ByPurpose
$82 millionHimachal Pradesh, IndiaFor the implementation of the State Roads Transformation Project.
 

 

$32 million

 

 

Government of India

The Indian government, the Mizoram government, and the World Bank have signed a $32 million Mizoram Health Systems Strengthening Project to improve management capacity and quality of health services in the northeastern state.
USD 500 millionGovernment of IndiaTo overcome the current pandemic distress of India.
$500 millionGovernment of IndiaTo support the Government of India’s nationwide initiative to strengthen the MSME sector.
$125 MillionKerala, IndiaTo support Kerala’s preparedness against natural disasters, climate change impacts, and COVID-19.
$100 MillionGovernment of IndiaTo boost India’s rooftop solar program.
( Credit Guarantee Scheme for Solar Rooftop Projects)
Rs, 770 croreAssamTo promote river transportation of the state.
$ 250 millionAndhra PradeshFor improving education quality for nearly 50 lakh students in the state of Andhra Pradesh.
USD 135 millionWest BengalTo improve the operational efficiency and reliability of electricity supply in selected areas in the state

Loans and Grants by New Development Bank (NDB)

Loan AmountReceived ByPurpose
USD 646 millionGovernment of IndiaFor upgrading State Highway Network and District Road Network in Andhra Pradesh.

Loans and Grants by Asian Infrastructure Investment Bank (AIIB)

Loan AmountReceived ByPurpose
$304 millionThe Government of IndiaFor the Assam Intra-State Transmission System Enhancement Project.
USD 356.67 million (~ Rs.2.65 lakh Crore)Chennai metro rail system, Tamil NaduFor the expansion of the procurement of defense items Chennai Metro Rail system, in Tamil Nadu.
150 million USDGovernment of IndiaThe loan amount will be used for the implementation of the Sustainable Urban Services Program (SUSP) for the Chennai Metropolitan Area (CMA)

Loans and Grants by Japan International Cooperation Agency (JICA)

Loan AmountReceived ByPurpose
$50 million (Rs. 368 crore)– Indian financial institution Northern Arc Capital (NAC)To support the funding of Non-Banking Finance Companies (NBFCs) in India, that provide financial services to women.
Rs 3,717 CroreGovernment of IndiaFor the development of the second phase of the Bengaluru Metro line.
JPY50 billion (approx. Rs. 3,500 crore)Government of IndiaOfficial Development Assistance (ODA) loan from Japan, Loan for the COVID-19 Crisis Emergency Response Support in order to fight the COVID-19 crisis

Loans and Grants by World Bank and Asian Infrastructure Investment Bank (AIIB)

Loan AmountReceived ByPurpose
USD 300 millionGovernment of Punjabfor canal-based drinking water projects in Punjab

Loans and Grants by National Bank for Agriculture and Rural Development (NABARD)

Loan AmountReceived ByPurpose
Rs 8504.30 lakhGovernment of GoaFor various Social Infrastructure Projects in Goa
Rs.446 CroreGovernment of PunjabFor five large surface-based drinking water projects in Ferozpur, Fazilka, Hoshiarpur and Rupnagar districts of Punjab.
Rs 254 CroreGovernment of OdishaFor setting up two mega piped drinking water supply projects in Odisha.
Rs 9162 croreGovernment of West BengalFor the development of agriculture and allied sectors under Covid-19.
Rs 1,236 croreGovernment of AssamFor the Rural Connectivity Projects (Roads & Bridges) in Assam.

Loans and Grants by Japan Bank for International Cooperation (JBIC)

Loan AmountReceived ByPurpose
$1 BillionLoan agreement with -State Bank of India (SBI)To provide loans for the whole range of business operations of the Japanese automobile manufacturers in India.

Loans and Grants by Exim Bank  (Export-Import Bank of India)

Loan AmountReceived ByPurpose
USD 100 million (Rs.730 crore)Africa Finance Corporation (AFC)To develop infrastructure in the continent and boost economic betterment.
USD 40 million (Rs 292 crores)Republic of the MaldivesFor the development of sports infrastructure
$35.26 mnLoan agreement with – SenegalFor the development of Kalpataru Power Transmission Senegal.
USD 10.40 Million Soft LoanLoan agreement with – Eswatini (former Swaziland)The loan covers the Eswatini projects in various sectors like information technology, disaster management, and agriculture

Loans and Grants by International Finance Corporation (IFC)

Loan AmountReceived ByPurpose
$250 millionLoan agreement with- HDFC LtdTo boost Green Housing Finance in India

Loans and Grants by Germany Development Bank – KfW (Kreditanstalt fur Wiederaufbau)

Loan AmountReceived ByPurpose
Euro 442.26 millionGovernment of IndiaFor the development of 40.35 km Surat Metro Rail project in Gujarat.
140 million EuroGovernment of IndiaFor reduced interest loan & 2 million Euro grant for an energy reform programme in Madhya Pradesh (MP).

Grants Given by India to Other Country

Grant AmountReceived ByPurpose
INR 4.41 CroresNepalFor the construction of the Lab and Library building for Shree Mahadev Higher Secondary School at Chankheli-Darma, Nepal.
NR 2.7 Crores (44.17 Million Nepali Rupees)NepalFor the construction of new school buildings in the Rupandehi district of Lumbini province, Nepal, under the Nepal Bharat Maitri Development partnership.

Line of Credit (LOC) by EXIM Bank of India

LOC AmountReceived ByPurpose
15 Million USDRepublic of Sierra LeoneFor the expansion of the projects for the rehabilitation of existing potable water facilities in 4 communities of Sierra Leone.
USD 7.35 MillionRepublic of NicaraguaTo replace and supply equipment of the High Technology Centre of Hospital Antonio Lenin Fonseca in Managua, Nicaragua.
USD 40 million (around Rs 292 crore)MaldivesTo provide financing for the development of sports infrastructure
USD 100 millionMauritiusTo facilitate procurement of defence items. 

Related topic (Indian Economy)

Schemes and initiatives by various Bank 2022

Role and Functions of Reserve Bank of India


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