Breaking News
Afghan Exports on Display at World’s Largest Food Fair–GulFood 2019
...
Afghanistan’s First Convoy of Goods Arrive in Herat Via Lapis Lazuli
...
Today’s Exchange Rates in Kabul Market
...
Japan Willing to Assist in Modernizing Afghanistan’s Agriculture
...
Trip to Mars Will Cost $500,000
...
Afghanistan Added to EU’s Dirty-Money Blacklist
...
Afghanistan, India sign MoU on 87 projects worth $25 million
The Indian and Afghan governments signed a tripartite Memorandum of Understanding (MoU) for additional 87 projects worth USD 25mn under the Small Development Projects (SDP) on Wednesday.
A significant part of India’s development portfolio in Afghanistan has been a special program to foster community-based Small Development Projects (SDP) in the fields of agriculture, rural development, education, health, vocational training, etc. that can have direct and visible impact on community life.
SDP scheme was started in 2005 with an initial outlay of US$ 20 million. Under this, 135 projects were approved and a majority of these have been completed. In 2012, India provided an additional sum of USD 100 million for the SDP scheme, also extending it across all 34 provinces of Afghanistan. Under this scheme, 125 projects were sanctioned in 2014 and another 92 projects in March this year.
The agreement on the additional 87 projects was signed between the Embassy of India, the Afghan Ministry of Economy and various line ministries in the presence of Dr. Abdullah Abdullah, Chief Executive of Afghanistan.
Government of India has decided to enhance the outlay further to USD 200 million by 2020.
Related Articles
Afghan government offices accused of budget wastage
According to a recent investigation by the Afghan Supreme Audit Office, a number of government offices have failed to spend
Economic Conference on Afghanistan to Boost Private Sector
More than 100 Afghan traders are expected to attend the 5th Regional Economic Co-operation Conference on Afghanistan, a potentially big
Vocational training institutes open in Kabul, Mazar, Herat
Vocational training institutes opened their doors again for 1200 apprentices upon the start of the new academic year. After some
