NEW DELHI: The Federal Republic of Germany will give a grant of 950 million rupees to India, according to an agreement signed here Tuesday.
The amount will be used primarily for social development and poverty alleviation projects. More than 15 percent of the grant is meant exclusively for special forestry programs and environment related projects.
This amount is a part of the total financial assistance of DM 440 million for 1989, out of which DM. 345 million has already been provided as loan to India on soft terms.
This is the first time that FRG has provided such a large sum as grant.
The major projects assisted by FRG so far have been in the sectors of steel, power and coal.
Article extracted from this publication >> January 26, 1990
