Lok Sabha Question No. 2103 (UNSTARRED), answered on 2015-12-11
Subject: Loans from Foreign Countries
Ministry: FINANCE
Asked by: HARIOM SINGH RATHORE

## Govemment  of India Ministry of Finance

## Department of Economic  Affairs

## LOK SABHA UNSTARRED  OUESTION No.2103

To be answered  on the 1lth December, 2015 (Agrahayan a20,1937 (Saka)  )

## Loans from Foreign Countries

## OUESTION

## t2I03.  SHRI HARIOM  SINGH RATHORE:

## Will the Minister  of FNANCE  be pleased to state:

- (a) the plan  of the Govemment  to repay the loans taken from foreign countries under various  schemes;
- (b) the country-wise  amount ofloan taken during the last three years and the utilisation  thereof;  and
- (c) the country-wise amount of loan outstanding so far and the rate ol interest thereof?

## ANSWER

## MINISTER OF STATE IN THE MINISTRY  OF FINANCE (SHRI JAYANT  SINHA)

- (a): Loans taken from various  countries are repaid in accordance with the loan agreements signed  with the respective  bilateral partner, which is guided by the rate of interest offered,  tenor ofthe loan, etc.
- (b): The country-wise amount of loan taken during last three years and the utilization thereof  is indicated below:-

| S.No   | Name of the Country   | Loan taken during last three years                                  | Loan taken during last three years                                  | Loan taken during last three years                                  | Loan taken during last three years                                  | Utilization during last three years   | Utilization during last three years   | Utilization during last three years   |
|--------|-----------------------|---------------------------------------------------------------------|---------------------------------------------------------------------|---------------------------------------------------------------------|---------------------------------------------------------------------|---------------------------------------|---------------------------------------|---------------------------------------|
|        | Name of the Country   | Local Currency in millions - Agreement Amount (Net of cancellation) | Local Currency in millions - Agreement Amount (Net of cancellation) | Local Currency in millions - Agreement Amount (Net of cancellation) | Local Currency in millions - Agreement Amount (Net of cancellation) | Local Curency in millions             | Local Curency in millions             | Local Curency in millions             |
|        |                       |                                                                     | 2012-13                                                             | 2013- 14                                                            | 2014- l5                                                            | 2012-t3                               | 2013-14                               | 201 4- l5                             |
| (i)    | Germanv               | EUR                                                                 | 358.00                                                              | 0.00                                                                | 23 0.00                                                             | 5 8.16                                | I r5.85                               | 64.20                                 |
| (ii)   | France                | EUR                                                                 | 110.00                                                              | 203.00                                                              | 0.00                                                                | 2.23                                  | 115.76                                | 29.43                                 |
| (ii i) | Japan                 | JPY                                                                 | 349,251 .00                                                         | 3l1,540.00                                                          | 60.969.00                                                           | t00,479.39                            | 138.085.54                            | 142.890.94                            |
| (iv)   | Russian Federation    | USD                                                                 | 4,200.00                                                            | 0.00                                                                | 0.00                                                                | 4.78                                  | 1.35                                  | 2.68                                  |

- (c): The country-wise  amount of loan outstanding so far and the rate of interest is indicated  below:-

| S.No.   | Name of the countrv      | Currencv   | Loan (Debt) outstanding as on 08/12/2015   | Rate of interest (per annum)                                                                                                                                                        |
|---------|--------------------------|------------|--------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (D      | Germany                  | EUR        | 1,870.646,7s4                              | Treasurv 0.75%n                                                                                                                                                                     |
| (D      | Germany                  | EUR        | 1,870.646,7s4                              | Bank I.'79Yo to 5.5Yo                                                                                                                                                               |
| (iD     | France                   | EUR        | 336,144,580                                | EURIBOR + Spread                                                                                                                                                                    |
| (iii)   | Italy                    | EUR        | 278,000                                    | 0.00%                                                                                                                                                                               |
| (iv)    | Japan                    | JPY        | I,488,'796,'109;123                        | General Terms - 1.40% (Standard Rate). Preferential Terms - 0.65% (Standard Rate). Fixed 1.2 to 3.75Yo. 03o/o.0.55 /0.65 /0.7 5 for Environment loans. Consultancv Services - 0.01% |
| (v)     | Russian                  | INR        | 5,9r6,009,7r8                              | 40/o                                                                                                                                                                                |
| (v)     | Federation               | USD        | 67 5,77 5,710                              | 40/o                                                                                                                                                                                |
| (vi)    | Switzerland              | CHF        | '70t,498                                   | Rate of interest for various drawings varies ftom 3.75% to 8.25%                                                                                                                    |
| (vii)   | United States of America | USD        | 191,741,695                                |                                                                                                                                                                                     |