Fund: The Government of India handed over Nu 425 million under the Programme Grant to the Royal Government yesterday, according to a GNHC press release.
The Indian embassy’s first secretary, Neetu M Bhagotia handed over the cheque to GNHC secretary Thinley Namgyel
The Indian government has committed Nu 8.5 billion for Programme Grant in the 11th Plan. Nu 5.5B or 65 percent of the committed fund under Programme Grant has been released to the Royal Government.
Programme Grant is budgetary support to the Royal Government and utilisation of funds are based on the Royal Government’s priorities. The funds are released on a quarterly basis by the Indian government.