(a) whether the European Investment Bank proposed to lend 50 million Euros to
small-scale industries in the country;
(b) if so, the detail thereof and the present status of the proposal;
(c) whether the Government have finalised any strategy for disbursement of loans; and
(d) if so, the detail in this regard?
THE MINISTER OF STATE IN THE MINISTRY OF FINANCE AND COMPANY AFFAIRS
(SHRI ANANDRAO VITHOBAADSUL):
(a) and fb) European Investment Bank (EIB) is considering a proposal to lend 50 million
Euro to Rabo India Finance Private Limited. As per the proposal, the loan would part
finance investment projects implemented in India to help finance small and medium size
investment projects featuring a mutual interest for Indian and the European Union in
industry and related services, infrastructure, tourism,.energy, information technologies,
environmental protection and telecommunications. A request has been received on 18-02-2003
from EIB for the agreement of the Indian authorities on the proposed loan.
(c) and (d) Rabo India Finance Private Limited would be the borrower of the contemplated
loan and would on fend to beneficiaries and the Government wduld not be disbursing
the loan.