Lok Sabha Question No. 4065 (UNSTARRED), answered on 2022-03-28
Subject: Loans from Foreign Institutions
Ministry: FINANCE
Asked by: Sadashiv Kisan Lokhande

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

## LOK SABHA UNSTARRED QUESTION NO . 4065 TO BE ANSWERED ON 28 . 03 . 2022

## Loans from Foreign Institutions

## 4065 : SHRI SADASHIV KISAN LOKHANDE :

Will the Minister of FINANCE be pleased to state :

- ( a ) whether the Government has taken loans from foreign financial institutions during the last three years and the current year;
- ( b ) if so, the details thereof along with the names of the organisations; and;
- ( c ) the rate of interest on which the said loans have been taken;

## ANSWER

MINISTER OF STATE ( SHRI PANKAJ CHOWDHARY )

IN THE MINISTRY OF FINANCE

- ( a ) Yes Sir .
- ( b ) Details of Loans from foreign financial institutions taken by Government of India for 2018 -19 to 2021 -22 are at Annexure -I,
- ( c ) The rate of interest on which the loans have been taken are at Annexure -II .

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|                                                    |                                                    | INR in Cr and LC in Millions                       | INR in Cr and LC in Millions                       | INR in Cr and LC in Millions                       | INR in Cr and LC in Millions                       |
|----------------------------------------------------|----------------------------------------------------|----------------------------------------------------|----------------------------------------------------|----------------------------------------------------|----------------------------------------------------|
|                                                    |                                                    | Agreement Amount (Net of Cancellation)             | Agreement Amount (Net of Cancellation)             | Agreement Amount (Net of Cancellation)             | Agreement Amount (Net of Cancellation)             |
| Multilateral Development                           | Loan Currency                                      | 2018-19                                            | 2019-20                                            | 2020-21                                            | 2021-22                                            |
| Bank                                               |                                                    |                                                    |                                                    |                                                    |                                                    |
|                                                    | (LC)                                               |                                                    |                                                    |                                                    |                                                    |
| Asian Development Bank                             | Asian Development Bank                             | Asian Development Bank                             | Asian Development Bank                             | Asian Development Bank                             | Asian Development Bank                             |
| Total                                              | USD                                                | 3,148.20                                           | 1,978.00                                           | 3,921.01                                           | 4,022.50                                           |
| Total                                              | INR                                                | 21,965.00                                          | 14,004.52                                          | 29,086.61                                          | 29,927.07                                          |
| Asian Infrastructure Investment Bank               | Asian Infrastructure Investment Bank               | Asian Infrastructure Investment Bank               | Asian Infrastructure Investment Bank               | Asian Infrastructure Investment Bank               | Asian Infrastructure Investment Bank               |
| Total                                              | USD                                                | 995.00                                             | 335.00                                             | 2,199.00                                           | 1,691.67                                           |
| Total                                              | INR                                                | 6,942.12                                           | 2,371.85                                           | 16,312.50                                          | 12,585.89                                          |
| European Investment Bank                           | European Investment Bank                           | European Investment Bank                           | European Investment Bank                           | European Investment Bank                           | European Investment Bank                           |
| Total                                              | USD                                                | 200.00                                             | 450.00                                             | 350.00                                             | 0.00                                               |
| Total                                              | INR                                                | 1,618.10                                           | 3,541.74                                           | 3,032.98                                           | 0.00                                               |
| International Bank for Reconstruction &Development | International Bank for Reconstruction &Development | International Bank for Reconstruction &Development | International Bank for Reconstruction &Development | International Bank for Reconstruction &Development | International Bank for Reconstruction &Development |
| Total                                              | USD                                                | 2,778.51                                           | 2,840.58                                           | 4,201.00                                           | 2,354.50                                           |
| Total                                              | INR                                                | 19,385.65                                          | 20,111.70                                          | 31,163.62                                          | 17,517.29                                          |
| International Development Association              | International Development Association              | International Development Association              | International Development Association              | International Development Association              | International Development Association              |
| Total                                              | USD                                                | 0.00                                               | 90.40                                              | 531.83                                             | 94.50                                              |
| Total                                              | INR                                                | 0.00                                               | 640.05                                             | 3,945.19                                           | 703.07                                             |
| International Development Association              | International Development Association              | International Development Association              | International Development Association              | International Development Association              | International Development Association              |
| Total                                              | XDR                                                | 0.00                                               | 115.20                                             | 303.80                                             | 12.60                                              |
| Total                                              | INR                                                | 0.00                                               | 1,123.48                                           | 3,176.46                                           | 132.70                                             |
| IFAD                                               | IFAD                                               | IFAD                                               | IFAD                                               | IFAD                                               | IFAD                                               |
| Total                                              | USD                                                | 0.00                                               | 0.00                                               | 38.00                                              | 67.00                                              |
| Total                                              | INR                                                | 0.00                                               | 0.00                                               | 281.89                                             | 498.47                                             |
| New Development Bank                               | New Development Bank                               | New Development Bank                               | New Development Bank                               | New Development Bank                               | New Development Bank                               |
| Total                                              | USD                                                | 1,230.00                                           | 300.00                                             | 3,458.00                                           | 80.00                                              |
| Total                                              | INR                                                | 8,581.71                                           | 2,124.04                                           | 25,651.94                                          | 595.19                                             |
| Total (INR in Cr.)                                 |                                                    | 58,492.58                                          | 43,917.38                                          | 112,651.19                                         | 61,959.68                                          |
| Grand Total (INR in Cr.)                           |                                                    |                                                    |                                                    |                                                    | 2,77,020.83                                        |

Note: Data for Current Financial Year (2021-22) upto 16/03/2022. Provisional 2020-21, 2019-20.

## Rate of Interest on which loans taken by Government of India for 2018-19 to 2021-22.

| S No.   | Donor                                                        | Currency   | Types of Loan/Credit   | Rate of Interest                                                                                   |
|---------|--------------------------------------------------------------|------------|------------------------|----------------------------------------------------------------------------------------------------|
|         | 1                                                            | 2          | 3                      | 4                                                                                                  |
| 1       | Asian Development Bank (ADB)                                 | USD        | Variable               | 6Month USD LIBOR + Spread (0.40 to 0.60) + Maturity Premium                                        |
| 2       | International Development Association (IDA)                  | SDR        | Fixed                  | Service Charges - 0.75% p.a. (Loans signed upto June, 2011)                                        |
| 2       | International Development Association (IDA)                  | SDR        | Fixed                  | Service Charges - 0.75% p.a. + Interest - 1.25% p.a. (Credit signed from July, 2011 to June, 2015) |
| 2       | International Development Association (IDA)                  | SDR        | Fixed                  | Hard Term IBRD Lending rate less 200 basis points plus service charges - 0.75% p.a.                |
| 2       | International Development Association (IDA)                  | USD        | Variable               | 6 Months USD LIBOR + Fixed Spread (Credit signed after June, 2015)                                 |
| 3       | International Bank for Reconstruction and Development (IBRD) | USD        | Variable               | 6 Months USD LIBOR + Variable Spread + maturity premium                                            |
| 4       | International Fund for Agricultural Development (IFAD)       | SDR        | Fixed                  | Interest rate: 1.25% plus a service charges - 0.75% p.a.                                           |
| 5       | Asian Infrastructure Investment Bank (AIIB)                  | USD        | Variable               | 6 Months USD LOBOR + Spread                                                                        |
| 6       | New Development Bank (NDB)                                   | USD        | Variable               | 6 Months USD LOBOR + Spread                                                                        |
| 7       | European Investment Bank (EIB)                               | Euro       | Variable               | 2.75%                                                                                              |

## Note:

1. LIBOR - London Inter-Bank Offered Rate
2. SDR - Special Drawing Rights
3. USD - United States of America Dollar