Export Import Bank of India (EXIM Bank of India) – on On behalf of the Indian government – has released Rs 3.10 billion to Nepal from concessional Line of Credit (LoC) towards reimbursement of third tranche of housing reconstruction in Nuwakot and Gorkha districts.
“$50 million from Line of Credit was pledged to support the reconstruction of 50,000 private houses in Nuwakot and Gorkha districts in Nepal, according to a press note issued by the Indian Embassy in Kathmandu. “In addition, India committed $100 million as a grant for supporting these houses.”
So far, India has reimbursed Rs 6.96 billion (approx $69.6 million) towards reimbursement of first and second tranches to home owners. “The support by the Government of India also includes the 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,” according to the embassy.
The embassy also informed that the Government of India is committed to continue supporting the people and Government of Nepal for completion of post-earthquake reconstruction projects in Nepal.
“$50 million from Line of Credit was pledged to support the reconstruction of 50,000 private houses in Nuwakot and Gorkha districts in Nepal, according to a press note issued by the Indian Embassy in Kathmandu. “In addition, India committed $100 million as a grant for supporting these houses.”
So far, India has reimbursed Rs 6.96 billion (approx $69.6 million) towards reimbursement of first and second tranches to home owners. “The support by the Government of India also includes the 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,” according to the embassy.
The embassy also informed that the Government of India is committed to continue supporting the people and Government of Nepal for completion of post-earthquake reconstruction projects in Nepal.
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