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Tuesday, August 27, 2013

India plans Rs 5,000 crore in aid to Bhutan


India is working on a Rs 4,500-crore financial aid to Bhutan for the neighbouring country's 11th Five Year Plan.In addition, India will also contribute Rs 500 crore to a special Economic Stimulus Package (ESP) devised by Thimphu to facilitate loans for private sector from banks and enhance youth employment,as its newly-elected Prime Minister Tshering Tobgay is set to visit New Delhi from August 30 to September 2.
According to top government sources, New Delhi and Thimphu are chalking out the financial assistance in three categories — Rs 4,500 crore for the 11th Five-Year-Plan, Rs 500 crore as an "economic stimulus plan" and Rs 400 crore for spill-over activities from the previous 10th Five-Year-Plan.

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