Lok Sabha Question No. 1106 (UNSTARRED), answered on 2016-04-29
Subject: Loans from Industrial Financial Institutions
Ministry: FINANCE
Asked by: RAHUL KASWAN

## Government of India Ministry of Finance

## Department of Economic Affairs

## LOK SABHA ADMITTED QUESTION No. 1106 TO BE ANSWERED ON THE  FRIDAY, APRIL 29, 2016/VAISAKHA, 1938 (SAKA)

## LOANS FROM INDUSTRIAL FINANCIAL INSTITUTIONS

## 1106. SHRI RAHUL KASWAN:

Will the Minister of FINANCE be pleased to state:

- (a) The details of outstanding loan of Government towards each of the Industrial Financial Institutions such as World Bank, Asian Development (ADB) etc;
- (b) The  amount  of  the  loan  taken  from  such  institutions  during  the  last  three years, year-wise and institution-wise along with the reasons therefor; and
- (c) If so, the details thereof along with the steps taken by the Government in this regard?

## ANSWER

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

- (a) The details of outstanding loan of Government of India towards each of the multilateral  institutions  i.e.,      International  Bank  for  Reconstruction  and Development (IBRD), International Development Association (IDA), International Fund for Agriculture Development (IFAD) and Asian Development Bank (ADB) are at Annexure-I.
- (b) The details of the amount of the loan taken during the last three-years, yearwise and  institution-wise are at Annexure-II. Besides  facilitating socioeconomic  development,  the  financial  assistance  from  MDBs  also  facilitates transfer of technology, sharing of knowledge and International best practices, which results in improvement in systems and processes.
- (c) Several steps are being taken by the  Government  to  speed  up  the disbursement of the projects and to ensure that the projects are implemented within the agreed time frame thereby contributing to socio-economic development of the country. A project readiness checklist has been devised for ensuring adequate preparedness of projects before implementation. Strict monitoring of disbursements/project through Tripartite Review  Meetings (TPRM),  State  Review  Meetings  (SRM)  is  being  undertaken.  Further,  D.O. letter at Secretary level are issued to Line Ministries and State Governments bringing out various issues in implementation of Project.

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Annexure-I

Details of outstanding loan of Government towards each of the Multilateral Development Banks (MDBs) such as World Bank, Asian Development Bank (ADB) etc.

Amount (INR)

|   Sl. No. | Name of Institution   | Debt Outstanding on 31.03.2016   |
|-----------|-----------------------|----------------------------------|
|         1 | ADB                   | 660,629,538,578                  |
|         2 | World Bank (IBRD)     | 615,530,830,761                  |
|         3 | World Bank (IDA)      | 1,637,718,186,006                |
|         4 | IFAD                  | 21,453,084,483                   |

Annexure-II

Loan amount (INR in Crore)

|   S.No. | Name of the Institution   | 2013-14   | 2014-15   | 2015-16   |
|---------|---------------------------|-----------|-----------|-----------|
|       1 | ADB                       | 4,263.00  | 6,580.61  | 7,176.90  |
|       2 | World Bank (IBRD)         | 3,402.69  | 5,634.81  | 5,782.39  |
|       3 | World Bank (IDA)          | 6,738.90  | 8015.20   | 9439.71   |
|       4 | IFAD                      | 210.29    | 191.74    | 220.05    |