India reaffirmed its role as Bhutan’s largest development partner NEW DELHI: India and Bhutan on Thursday reviewed the progress of New Delhi-backed development projects in the Himalayan nation and signed a Rs 4,000-crore concessional line of credit agreement, while also expanding cooperation in the health sector.The decisions were taken during the fifth India-Bhutan Development Cooperation Talks, co-chaired by Foreign Secretary Vikram Misri and his Bhutanese counterpart Dasho Pema Lektup Dorji in Thimphu.According to a joint statement issued by the Ministry of External Affairs (MEA), the two sides reviewed the implementation of India’s Rs 10,000-crore support package for Bhutan’s 13th Five-Year Plan (2024-29), covering Project Tied Assistance (PTA), High Impact Community Development Projects (HICDP), the Economic Stimulus Programme (ESP) and Programme Grants.The two countries approved 12 new Project Tied Assistance projects worth Rs 332 crore in sectors including infrastructure, healthcare, agriculture, urban amenities and disaster management. With these approvals, the total number of PTA projects under Bhutan’s 13th Five-Year Plan has reached 82, with a combined outlay of Rs 6,860 crore.India has also released Rs 1,250 crore under the Economic Stimulus Programme, Rs 735.2 crore for High Impact Community Development Projects and Rs 200 crore as Programme Grant. The meeting reviewed the utilisation of these funds.During the talks, the two sides exchanged an agreement for a Rs 4,000-crore (Nu 40 billion) concessional line of credit between the Export-Import Bank of India and Bhutan’s ministry of finance to support development initiatives in the country.Join conversationView All Comments →Share your thoughts in the commentsInsightfulAgreeDisagreeSkepticalConcerningPromisingWorth ReadingBig DevelopmentPost CommentBe respectful · TOI community guidelinesIndia and Bhutan also signed a Memorandum of Understanding (MoU) on health education and research between the All India Institute of Medical Sciences (AIIMS) and Khesar Gyalpo University of Medical Sciences.As part of India’s support for Bhutan’s green mobility programme, 45 electric vehicles were handed over to the Royal Government of Bhutan.The two foreign secretaries also virtually inaugurated the Thimphu Ecological Park and Olakha Park, developed under the India-funded “Green Infrastructure and Open Spaces in Thimphu” project.Misri was on a two-day visit to Bhutan from July 30 to 31. During the visit, he called on King Jigme Khesar Namgyel Wangchuck, Prime Minister Dasho Tshering Tobgay and Foreign Minister Lyonpo D N Dhungyel.India remains Bhutan’s largest development partner, extending financial and technical assistance for infrastructure, connectivity, education, healthcare and capacity-building projects over several decades.Get the latest India News and Live updates. Download the TOI app.About the AuthorTOI News DeskThe TOI News Desk comprises a dedicated and tireless team of journalists who operate around the clock to deliver the most current and comprehensive news and updates to the readers of The Times of India worldwide. With an unwavering commitment to excellence in journalism, our team is at the forefront of gathering, verifying, and presenting breaking news, in-depth analysis, and insightful reports on a wide range of topics. The TOI News Desk is your trusted source for staying informed and connected to the ever-evolving global landscape, ensuring that our readers are equipped with the latest developments that matter most.”Read MoreEnd of ArticleFollow Us On Social MediaVideosMeta India Head Named In FIR As Posts Criticising PM Modi Surface; Social Accounts Under Scanner’My Father Was Almost Lynched’: Injured Delhi Cop’s Daughter Emotional Appeal After Violence | Watch’Cracks Appeared Hours Before Collapse’ Rescue Teams Search For Survivors In Maharashtra’s BhiwandiCJP’s Saurav Das Says Abusive Remarks Deserve Defamation Cases, Not Criminal Prosecution | WatchRajya Sabha Passes Anti-Paper Leak Law As PM Modi Vows Zero Tolerance Against Exam MafiasPM Modi Releases New Selfie Video On Instagram As Rajya Sabha Clears Anti-Paper Leak BillAfter ‘Gau-Mutra Expert’ Remark, Priyanka Gandhi Gets Scathing Open Letter From 200+ Academicians‘Cut Shudra’s Tongue If…’: Kharge Quotes ‘Translated Manusmriti’ In RS; Sudhanshu, Nadda Hit BackAssam Flood Death Toll Rises To 78 As Over Three Lakh Remain Affected Despite Receding WatersHockey India’s Saffron Jersey Sparks Massive Row As Olympians, Critics Question Iconic Blue Identity123PhotostoriesThese 8 ancient Indian foods were considered medicine before modern nutrition existedThinking of taking Priorin for hair loss? 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India reaffirmed its role as Bhutan’s largest development partner NEW DELHI: India and Bhutan on Thursday reviewed the progress of New Delhi-backed development projects in the Himalayan nation and signed a Rs 4,000-crore concessional line of credit agreement, while also expanding cooperation in the health sector.The decisions were taken during the fifth India-Bhutan Development Cooperation Talks, co-chaired by Foreign Secretary Vikram Misri and his Bhutanese counterpart Dasho Pema Lektup Dorji in Thimphu.According to a joint statement issued by the Ministry of External Affairs (MEA), the two sides reviewed the implementation of India’s Rs 10,000-crore support package for Bhutan’s 13th Five-Year Plan (2024-29), covering Project Tied Assistance (PTA), High Impact Community Development Projects (HICDP), the Economic Stimulus Programme (ESP) and Programme Grants.The two countries approved 12 new Project Tied Assistance projects worth Rs 332 crore in sectors including infrastructure, healthcare, agriculture, urban amenities and disaster management. With these approvals, the total number of PTA projects under Bhutan’s 13th Five-Year Plan has reached 82, with a combined outlay of Rs 6,860 crore.India has also released Rs 1,250 crore under the Economic Stimulus Programme, Rs 735.2 crore for High Impact Community Development Projects and Rs 200 crore as Programme Grant. The meeting reviewed the utilisation of these funds.During the talks, the two sides exchanged an agreement for a Rs 4,000-crore (Nu 40 billion) concessional line of credit between the Export-Import Bank of India and Bhutan’s ministry of finance to support development initiatives in the country.Join conversationView All Comments →Share your thoughts in the commentsInsightfulAgreeDisagreeSkepticalConcerningPromisingWorth ReadingBig DevelopmentPost CommentBe respectful · TOI community guidelinesIndia and Bhutan also signed a Memorandum of Understanding (MoU) on health education and research between the All India Institute of Medical Sciences (AIIMS) and Khesar Gyalpo University of Medical Sciences.As part of India’s support for Bhutan’s green mobility programme, 45 electric vehicles were handed over to the Royal Government of Bhutan.The two foreign secretaries also virtually inaugurated the Thimphu Ecological Park and Olakha Park, developed under the India-funded “Green Infrastructure and Open Spaces in Thimphu” project.Misri was on a two-day visit to Bhutan from July 30 to 31. During the visit, he called on King Jigme Khesar Namgyel Wangchuck, Prime Minister Dasho Tshering Tobgay and Foreign Minister Lyonpo D N Dhungyel.India remains Bhutan’s largest development partner, extending financial and technical assistance for infrastructure, connectivity, education, healthcare and capacity-building projects over several decades.Get the latest India News and Live updates. Download the TOI app.About the AuthorTOI News DeskThe TOI News Desk comprises a dedicated and tireless team of journalists who operate around the clock to deliver the most current and comprehensive news and updates to the readers of The Times of India worldwide. With an unwavering commitment to excellence in journalism, our team is at the forefront of gathering, verifying, and presenting breaking news, in-depth analysis, and insightful reports on a wide range of topics. The TOI News Desk is your trusted source for staying informed and connected to the ever-evolving global landscape, ensuring that our readers are equipped with the latest developments that matter most.”Read MoreEnd of ArticleFollow Us On Social MediaVideosMeta India Head Named In FIR As Posts Criticising PM Modi Surface; Social Accounts Under Scanner’My Father Was Almost Lynched’: Injured Delhi Cop’s Daughter Emotional Appeal After Violence | Watch’Cracks Appeared Hours Before Collapse’ Rescue Teams Search For Survivors In Maharashtra’s BhiwandiCJP’s Saurav Das Says Abusive Remarks Deserve Defamation Cases, Not Criminal Prosecution | WatchRajya Sabha Passes Anti-Paper Leak Law As PM Modi Vows Zero Tolerance Against Exam MafiasPM Modi Releases New Selfie Video On Instagram As Rajya Sabha Clears Anti-Paper Leak BillAfter ‘Gau-Mutra Expert’ Remark, Priyanka Gandhi Gets Scathing Open Letter From 200+ Academicians‘Cut Shudra’s Tongue If…’: Kharge Quotes ‘Translated Manusmriti’ In RS; Sudhanshu, Nadda Hit BackAssam Flood Death Toll Rises To 78 As Over Three Lakh Remain Affected Despite Receding WatersHockey India’s Saffron Jersey Sparks Massive Row As Olympians, Critics Question Iconic Blue Identity123PhotostoriesThese 8 ancient Indian foods were considered medicine before modern nutrition existedThinking of taking Priorin for hair loss? Know its benefits, ingredients, and natural alternativesAnanya Panday’s peacock blue Gauri & Nainika gown is the luxe fashion moment everyone will rememberWhat Lord Shiva teaches you based on your birth dateBefore you throw out old glass jars, try these 7 DIY ideas for your kitchen, garden, and homeChef reveals the healthy salad recipe that President Droupadi Murmu asked her team to master10 tiny texting habits that quietly push people away without you realizing it10 foods that are traditionally avoided during the month of Sawan in IndiaThese 9 historic villages have survived wars, empires and centuries; yet visiting them feels like stepping into a storybookPowerful Shiva mantras you can chant for good luck based on your birth number123Hot PicksHurricane IrmaRuchika SinghRRB Group D Admit CardNEET selective edit windowCommonwealth Games LiveUS work permit feeE20 petrol debateAssam floodsKanwar Yatra 2026Top TrendingSaurav DasCJP ProtestJaisalmer Military Station AccidentKolkata Police New UniformDehradun Teacher SuicideAbhijeet DipkeRuchika SinghShraddha Walkar Murder CaseMumbai Building CollapseStock Market Up


India, Bhutan sign Rs 4,000-crore credit pact, review development projects
India reaffirmed its role as Bhutan’s largest development partner

NEW DELHI: India and Bhutan on Thursday reviewed the progress of New Delhi-backed development projects in the Himalayan nation and signed a Rs 4,000-crore concessional line of credit agreement, while also expanding cooperation in the health sector.The decisions were taken during the fifth India-Bhutan Development Cooperation Talks, co-chaired by Foreign Secretary Vikram Misri and his Bhutanese counterpart Dasho Pema Lektup Dorji in Thimphu.According to a joint statement issued by the Ministry of External Affairs (MEA), the two sides reviewed the implementation of India’s Rs 10,000-crore support package for Bhutan’s 13th Five-Year Plan (2024-29), covering Project Tied Assistance (PTA), High Impact Community Development Projects (HICDP), the Economic Stimulus Programme (ESP) and Programme Grants.The two countries approved 12 new Project Tied Assistance projects worth Rs 332 crore in sectors including infrastructure, healthcare, agriculture, urban amenities and disaster management. With these approvals, the total number of PTA projects under Bhutan’s 13th Five-Year Plan has reached 82, with a combined outlay of Rs 6,860 crore.India has also released Rs 1,250 crore under the Economic Stimulus Programme, Rs 735.2 crore for High Impact Community Development Projects and Rs 200 crore as Programme Grant. The meeting reviewed the utilisation of these funds.During the talks, the two sides exchanged an agreement for a Rs 4,000-crore (Nu 40 billion) concessional line of credit between the Export-Import Bank of India and Bhutan’s ministry of finance to support development initiatives in the country.

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