Home 
Regions and Countries South Asia India Frequently Asked Questions
|
India and ADB
Report and Publications
News
Opportunities
Contact Information
India Resident Mission (INRM)
4 San Martin Marg Chanakyapuri New Delhi 110021, India P.O. Box: 5331 Chanakyapuri H.P.O. New Delhi 110021, India Tel: + 91 11 2410 7200 See Also
|
Frequently Asked Questions
Frequently Asked Questions
ADB and India
How do Public Sector Enterprises obtain loans from ADB?ADB’s lending program in India is determined in consultation with the Department of Economic Affairs, Ministry of Finance, Government of India. For details visit http://www.finmin.nic.in* Does ADB assist the private sector?Yes. ADB assists the private sector through the Private Sector Operations Department (PSOD), ADB's private sector investment window. PSOD has adopted India as one of the focal countries for its direct investments in the private sector. Over the medium term PSOD will explore opportunities for investment in infrastructure and the financial sector. PSOD catalyzes private investments through direct finance, credit enhancement and risk mitigation. The contact person at ADB's India Resident Mission in New Delhi is Ajay Sagar, who may be contacted at asagar@adb.org Does ADB provide loans to state Governments?ADB provides loans in US dollars to India. In the case of state level loans, the Government of India (GOI) passes this on to states as "Additional Central Assistance." GOI absorbs commitment charges and front-end fees payable to ADB, and assumes the foreign exchange rate risk. The state gets a pure rupee loan, free from exchange risk for the net amount. The GOI rupee loan is repayable by the state over a period of 15 years. Of the total loan drawn down each year, 50% is to be repaid over 15 years starting from the subsequent fiscal year. The remaining 50% is repayable starting from the sixth to the fifteenth year. What are ADB's interest rates and other charges for loans?ADB loans to India are provided out of its Ordinary Capital Resources. These are charged at prevailing six-month US dollar LIBOR (London Inter Bank Offer Rate) plus 0.6% per annum. The interest rates are reset every six months with reference to six-month US dollar LIBOR. In addition, ADB charges a 1% front-end fee on the full loan amount (0.5% for loans negotiated and approved during 2003), and a commitment charge of 0.75% per annum on undisbursed loan balances. The six-month US dollar LIBOR is subject to fluctuation. Currently the effective interest rate cost of ADB loans to GOI works out to about 1.7%. See the Loan Disbursement Handbook. How does ADB decide which states and sectors to work in?The focus of ADB's program in India is determined by the Country Partnership Strategy (CPS). The CPS is developed in close collaboration with the Government of India, civil society, the donor community, the private sector, and other stakeholders. Does ADB sponsor conferences and advertisements?ADB does not usually sponsor conferences or advertise. Who should NGOs contact for possible ADB support?As a rule, ADB works through the governments of its developing member countries in supporting NGOs. At the ADB headquarters in Manila the NGO Center seeks to find new ways of working with NGOs. In India, the NGO contact person at ADB's India Resident Mission in New Delhi is Sujatha Viswanathan who may be contacted at: sviswanathan@adb.org. Need more information about ADB?Visit us at ADB Headquarters Tel: + 632 632 4444 India Resident Mission Tel: + 91 11 2410 7200 *This link takes you outside the ADB.org website. Please use the back button to return to this page. |
| Headquarters: 6 ADB Avenue, Mandaluyong City 1550 Metro Manila, Philippines Tel: + 632 632 4444 | Fax: + 632 636 2444 | Email: information@adb.org |
© 2008 Asian Development Bank | Privacy | Terms of Use |
Top