€100 million German aid for RKI
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Updated:
12-year loan at reduced interest
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12-year loan at reduced interest
Kerala has received €100 million as ‘policy loan’ and another €2 million as ‘grant’ as the second tranche of financial aid being extended by Germany for the Rebuild Resilient Kerala Initiative (RKI) through the German Development Bank KfW.
The agreement for the policy loan and grant was signed in New Delhi on Tuesday by Additional Secretary, BC & FSDC, Union Ministry of Finance, C.S. Mohaptra and Office Director, KfW, New Delhi, Christoph Kessler.
Like the first tranche of the €170-million financial support extended by Germany, the aid will reach the State budget through KfW on the basis of the pact signed between India and Germany.