Fin min, BFSI News, ET BFSI
New Delhi: India was implementing seven tasks price $750 million in partnership with the US Company for Worldwide Growth (USAID), which has been on the centre of controversy since American President Donald Trump alleged funding for elections within the nation. The cash – $97 million (round Rs 825 crore) in 2023-24 – was used for seven tasks overlaying agriculture, forest and local weather adaptation, water and sanitation, renewable vitality, well being and catastrophe administration, the finance ministry stated in its annual report for the final monetary yr.
In its earlier report additionally the ministry had listed the identical set of tasks however didn’t point out the extent of funding for 2022-23. In truth the tasks have remained unchanged for the previous few years, with round $70 million every offered for FY22 and FY21, the annual studies stated. The finance ministry stated the US has been offering bilateral improvement help since 1951 and it’s largely thorough USAID.
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‘USAID fund was for tasks, not turnout’
India was implementing seven tasks price $750 million in partnership with USAID, the finance ministry stated in its annual report for the final monetary yr. In 2023-24, $97 million (about Rs 825 crore) was used for tasks overlaying agriculture, forest and local weather adaptation, water and sanitation, renewable vitality, well being and catastrophe administration.
