India allocates grant worth Rs 12 billion for Nepal

Kathmandu: The Government of India has allocated 7.5 billion Indian rupees (12 billion Nepali rupees) in the budget for the fiscal year 2022/23.
This is less than the amount allocated in the previous year’s budget. Last year’s budget had allocated IRs 9.92 billion. In the same year, India revised the amount to IRs 6.5 billion.

However, in the fiscal year 2020/21, India had given a grant of IRs. 8.79 billion to Nepal.

In the budget for the fiscal year 2022/23 presented by Indian Finance Minister Nirmala Sitharaman on Tuesday, the amount of grant given by India to the countries under the Ministry of External Affairs has been allocated.

India has given the largest amount of aid to Bhutan. Bhutan will receive IRs 22.66 billion. India has allocated IRs 2 billion to Afghanistan, IRs 3 billion to Bangladesh, IRs 2 billion to Sri Lanka, IRs 3.60 billion to Maldives, IRs 120 million to Mongolia and IRs 2.5 billion to African countries.