India shows generosity amid border dispute, Nepal gets 1.54 billion financial assistance

New Delhi: India has once again provided financial assistance of 1.54 billion Nepalese rupees (about 96 crore Indian rupees) to its neighbour and friend Nepal. Even though Nepal is carrying out anti-India measures in China's provocation, Ms Namgyal Khampa, deputy head of Nepal mission at the Indian Embassy in Kathmandu, handed over the money released by the Government of India to the Secretary, Nepal Finance Ministry, Shishir Kumar Dhuna.

The financial assistance is given for the reconstruction of houses and schools devastated due to earthquake in Nuwakot and Gorkha districts of Nepal. It may be noted that more than nine thousand people died and about 8,000 houses were destroyed in the Nepal earthquake in April 2015. The Government of India had announced a grant of 1.5 billion dollars to Nepal to rebuild the destroyed houses and school buildings in the earthquake-affected Nuwakot and Gorkha districts.

India has sent assistance to the Government of Nepal. Under this, India has so far given 72 million dollars to Nepal. For rehabilitation of earthquake victims, MOU of $100 million grant was signed in February 2016 between India and Nepal for construction of 50,000 private houses in Nuwakot and Gorkha districts. In collaboration with the Government of India, 92% of the housing scheme being run in Nuwakot and Gorkha districts has been completed.

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