MINISTER OF STATE FOR FINANCE (SHRI ANANT G. GEETE)
(a) The information is annexed as Statement-I.
(b) The terms and conditions are given in the annexed Statement-III.
(c) & (d) The projects being undertaken in Rajasthan with loan from various countries are given in the annexed Statement-II.
(e) These projects were closed as per their scheduled completion dates. The first phase of Aravalli Hill Afforestation Project has been completed on 31.3.2000. The Rajasthan Forestry Development project has also been completed on 12.4.2002.
(f) & (g) Do not arise.
STATEMENTS REFERRED TO IN REPLY TO LOK SABHA UNSTARRED QN. NO. 3019 DATED 2-8-2002
STATEMENT-I (Figures in Millions)
S. NAME OF THE PROJECT AGREE- SOURCE CURENCY LOAN DISBURSEMENT DURING
NO. MENT AMT. 1999-00 2000-01 2001-02 DATE
1.Agricultural Development(Raj) 17.12.92 IDA SDR 67.58 6.25 5.17 (Closed)
2. Rajasthan District Poverty 12.5.00 IDA SDR 75.00 - 2.88 0.65
Initiative
3. Rajasthan Power Sector 27.2.01 IBRD USD 180.00 - 18.40 2.60
Restructuring
4. Rajasthan Water Sector 15.3.02 IDA SDR 110.00 - - 4.00
Restructuring
5. Rajasthan Urban Infra. 1.12.99 ADB SDR 250.00 0.00 0.30 0.98
Development
STATEMENT-II
(Figures in Millions)
S.NO. NAME OF THE PROJECT SOURCE CURRENCY LOAN AMOUNT
1. Water Supply & sanitation France FF 5.30 -Feasibility Study for City of Jaipur
2. Study of Evaluation of Losses and France FF 13.69 Leakage in Water Distribution System in Jaipur
3. Artificial Ground Water Recharge France FF 4.98 and Waste Water Reuse for Jaipur
4. Rajasthan Rural Water Supply Germany DM 40.00
5. Minor Irrigation, Rajasthan Ph.II Germany DM 30.00
STATEMENT-III
GENERAL TERMS AND CONDITIONS OF EXTERNAL LOANS TO GOVERNMENT OF INDIA
Sl. Source Curency Type of Grace Period of Current Commitment Remarks
No. Loan Period Repayment Rate of Charges on (Conc. (Years) after Grace Interest Undisbursed /Mixed) Period (in %) Loan Amount (Years) (in %)
MULTILATERAL
1. I.B.R.D. US $ Semi- 5 15 Variable@ 0.75 @(I) Interest-Variable every 6 months. Conces- (a) Currency Pooled Loans (VLR-1989) sional Interest rate is determined based on the cost of qualified borrowings plus a spread. The lending rate applicable for the period from 01-01-2002 to 30-06-2002 is as under:-
Loans for which invitation for negotiation was 5.03% p.a.(includes a spread of issued prior to 31.07.1998 50 basis points.)
Loans for which invitation for negotiation was 5.28% p.a. (includes a spread of issued after 31.07.1998 75 basis points.)
(b) US $ Floating Rate Single Currency Loans Interest rate is determined based on 6 month LIBOR plus a variable spread. The rate applicable for interest payment date beginning 15-05-2002 to 14-11-2002 is as follows:-
Loans for which invitation for negotiation was 2.22% p.a. (with a spread of 19 issued prior to 31-07-1998 basis points)
Loans for which invitation for negotiation was 2.47% p.a. (with a spread of 44 issued on or after 31-07-1998 basis points.
(iv) Interest Waiver for Prompt Payment - As notified by Bank, the waiver applicable for 2001 is as under :- Loans for which invitation to negotiation was 0.15% issued prior to 31-07-1998
Loans for which invitation to negotiation was 0.25% issued after 31-07-1998
(ii) Commitment Charges payable on the undisbursed loan amount at 0.75% Bank have been notifying waiver of 0.50% since July, 1991.
(iii) Front End Fee - 1% (one time payment) of the loan amount is payable in respect of loans negotiated after 1-7-1998.
2 I.D.A. S.D.R. Conces- 10 25 0.75 0.50
(i) In respect of credits finalised till July 1988, the repayment period was 50 years sional including a grace period of 10 years. IDA credits presently enjoy a grace period of 10 years with a repayment period of 25 years.
(ii) Commitment charge is payable at 0.50% on the undisbursed credits. This is being fully waived by Bank since 1989-90.
(iii) 0.75% shown under Interest Column is termed as Service Charge.
3. I.F.A.D. S.D.R. Conces 10 40 0.75 The payment of 0.75% shown under Interest Column is termed as Service Charge. sional
4. A.D.B. US Dollar Semi- 3 to 5 20 Variable@ 0.75 @ Interest - Variable every six months. The interest rate is determined based on Conces- average cost of preceding six months of the respective pools of outstanding sional borrowings established to fund such loans. The lending rate for the period 1-6-2002 to 31-12-2002 is 6.34% on single currency US $ loans and 3.91% in respect of multi-currency loans.
Commitment Charge - 0.75% on undisbursed loan amounts. However, the undisbursed amount is reckoned on a graded basis in respect of project loans. For programme loans it is on the entire loan amount.
