Don’t miss the latest developments in business and finance.

270-million euro British aid for poverty alleviation

Image
Press Trust Of India New Delhi
Last Updated : Jan 21 2013 | 12:54 AM IST

The British Department for International Development (DFID) will provide £270 million to the country in 2010-11 to reduce poverty, but it did not make any commitment on increasing the funding amount in 2011-12.

The DFID had to provide £275 million pounds each year for three years, starting from April 1, 2008. Accordingly, it extended £275 million in 2008-09. But the budget for India was revised upwards by five million pounds to £280 million for the current fiscal in view of the global economic slowdown.

“In 2008-09, we had provided £275 million to India and in the current fiscal we are providing £280 million,” DFID director general Mark Lowcock told reporters here today.

The British government revises its funding plans for various social sector programmes through DFID in India after every three year.

Also Read

First Published: Dec 11 2009 | 12:45 AM IST

Next Story