March 11, 2014 1:29 PM

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India commits Rs. 8.5 bn to Bhutan for Small Development Project for country's 11th FYP

India has committed 8.5 billion rupees to Bhutan for Small Development Project for the country's the 11th Five Year Plan. The first meeting of the Small Development Project Committee for the 11th Five Year Plan in Thimphu has approved 59 projects amounting to over 1.8 billion rupees under the commitment by the Government of India.Bhutan's Foreign Ministry said, 39 projects are to be implemented by local governments and 20 by central agencies. The Committee also decided on the formats to be adopted for project formulation, implementation, reporting and assessment.The Small Development Project Committee comprises of two representatives from Bhutan government and two from Indian Embassy in Thimphu.The Committee reviewed the Small Development project activities of the 10th Plan and expressed satisfaction with their positive impact on the livelihoods of the people in rural Bhutan. The next meeting of the Committee will be held in September later this year.

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