Lok Sabha Question No. 137 (UNSTARRED), answered on 2020-02-03
Subject: Liberalised Remittance Scheme
Ministry: FINANCE
Asked by: Manish Tewari

## GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF ECONOMIC AFFAIRS

## LOK SABHA UNSTARRED QUESTION NO. 137

TO BE ANSWERED ON MONDAY, FEBRUARY 3, 2020/ MAGHA 14, 1941 (SAKA)

## Liberalised Remittance Scheme

137. SHRI MANISH TEWARI:

Will the Minister of FINANCE be pleased to state:

- (a) the  total  amount  of  outward  remittance  for  fee  and  living  expenses  for  Indians studying in universities abroad from 01.05.2014 to 30.01.2020;
- (b) the State-wise amount of outward remittance for fee and living expenses for Indians

studying in universities abroad from 01.05.2014 to 30.01.2020; and

- (c) the  year-wise  growth  in  outward  remittances  per  category  (studying,  medical treatment,  gifts,  donation  etc.)  since  the  introduction  of  the  Liberalised  Remittance Scheme in 2004?

## ANSWER

## MINISTER OF STATE FOR FINANCE (SHRI ANURAG SINGH THAKUR)

- (a) & (b): Data relating to Liberalised Remittance Scheme is collected/ maintained only under the following heads:
- (1) Deposit
- (2) Purchase of immovable property
- (3) Investment in equity/ debt
- (4) Gift
- (5) Donations
- (6) Travels
- (7) Maintenance of close relatives
- (8) Medical Treatment
- (9) Studies Abroad
- (10) Others (includes items such as subscription to journals, maintenance of investment abroad, student loan repayments, credit card payments etc.)

The  total  remittance  for  the  purpose  of  "Studies  Abroad"  from  01.04.2014  to 30.11.2019  is  USD  11,855.56  million  (year-wise  data  on  purpose  wise  remittances including for "Studies Abroad" is at Annexure-I).

- (c): The data with respect to year-on-year growth of remittance for each purpose under Liberalised Remittance Scheme is provided at Annexure -II.

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Annexure-I

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RBI Monthly bulletins LRS Data Source:

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| -   | Not available                                                                                                                                                                                                                                |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **  | Includes items such as subscription to journals, maintenance of investment abroad, student loan repayments, credit card payments etc. ( till 2008-09 also includes education, travel, maintenance of close relatives and medical treatment.) |

Annexure-II

A

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RBI Monthly bulletins Calculated based on LRS data from the following source:

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| -   | Not available                                                                                                                                                                                                                                |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **  | Includes items such as subscription to journals, maintenance of investment abroad, student loan repayments, credit card payments etc. ( till 2008-09 also includes education, travel, maintenance of close relatives and medical treatment.) |