Question: The Govt. of Japan has committed Official Development Assistance loan to India of an amount of-
(a) Rs 14,100 Crore
(b) Rs 14,500 Crore
(c) Rs 14,251 Crore
(d) Rs 15,551 Crore
Ans (c)
Related facts:
- On 31 March 2016 the Notes were exchanged between S. Selvakumar, Joint Secretary, Department of Economic Affairs, Government of India and Kenji Hiramatsu, Ambassador of Japan to India for Official Development Assistance loan of an amount of JPY 242.2 billion (approx. Rs.14,251 Crores).
- The Govt. of Japan has committed Official Development Assistance loan of an amount of JPY 242.2 billion (approx. Rs.14,251 Crores at Exchange Rate: Rs.1 = JPY 1.70).
- The ODA loan assistance has been committed to Transmission System Strengthening Project in Madhya Pradesh (JPY 15. 45 Billion); Odisha Integrated Sanitation Improvement Project (II) (JPY 25.7 Billion); Dedicated Freight Corridor Project (Phase 1) (III) (JPY 103.6 Billion); North East Road Network Connectivity Improvement Project (Phase 1) (I) (JPY 67.1 Billion); and Jharkhand Horticulture Intensification by Micro Drip Irrigation Project (JPY 4.65 Billion).
- The Govt. of Japan has committed a total of JPY 390 Billion in the current financial year which is the highest amount committed in a year.
Reference:
http://pib.nic.in/newsite/PrintRelease.aspx?relid=138433
https://www.thedollarbusiness.com/magazine/rs-14251-crore-to-india-under-japans-official-loan-development-assistance