ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Vain Search for Indian Renaissance

additional central assistance as in the case of World Bank and IDA assisted projects involving substantially local currency expenditure.
Further in the case of World Bank, IDA and ADB loans, the credit is usually limited to around 50 per cent of the total project cost and the balance 50 per cent has to be met from the states' own resources and to that extent additionally available would amount in real terms to only 35 per cent of the total project cost. This is not the position in the case of projects financed under some of the bilateral credits and agencies like the EEC. In such cases of projects fully funded by the foreign donois, 70 per cent of the aid disbursed is available to the state governments as additionally. In other words, the state government's commitment is limited to 30 per cent of the project cost.

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