India announces $10 bn credit for Africa

0
>

Prime Minister Minister Narendra Modi on Thursday announced a credit of $10 billion to Africa and it will be in addition to the ongoing credit programme.

“To add strength to our partnership, India will offer concessional credit of $10 billion over the next five years. This will be in addition to our ongoing credit programme,” said Modi.

Also Read:  महाराष्ट्र में किसानों की कर्ज माफी का एलान, आज होने वाला प्रदर्शन रद्द

He was speaking on the last day of the India-Africa Summit Forum here.

Modi also pledged an assistance of $600 million to the continent and 50,000 scholarships for African students in India.

Also Read:  No dialogue will take place between India and Pakistan unless Kashmir is on agenda: Sartaj Aziz

“We will also offer a grant assistance of $600 million. This will include an India-Africa Development Fund of $100 million and an India-Africa Health Fund of $10 million,” Modi said.

“It will also include 50,000 scholarships in India over the next five years. And, it will support the expansion of the Pan Africa E-Network and institutions of skilling, training and learning across Africa.” he added.

Also Read:  After Pakistan and India, Bangladesh thrash South Africa by 9 wickets to win ODI series 2-1

LEAVE A REPLY

Please enter your comment!
Please enter your name here