Developmental activities by the state are enormous but it does not have adequate financial resources to execute the projects. Hence the State Government seeks loan/ assistance from various external funding agencies including international donors to finance various infrastructure and social sector projects for speedy development of the State.
Various External Agencies financing projects in Rajasthan include:
- The World Bank Group,
- Japan International Cooperation Agency (JICA),
- Asian Development Bank (ADB),
- International Fund for Agriculture Development (IFAD),
- Agency Francaise De Development (AFD) ,
- KfW, (German Agency),
- New Development Bank (NDB)
These agencies help finance State Government various projects including Irrigation, Health, Water Supply, Forestry, Urban Development, Infrastructure, Energy, Agriculture and Rural Development (Poverty Alleviation Programmes).
The Government of India is releasing external financial assistance to the State on ‘Back to Back’ basis for the new projects sanctioned on or after 1.4.2005, as was recommended by the 12th Finance Commission. A total of 14 EAPs costing `20,747.70 crore are in progress in the State.
Overview of Externally Aided Projects in Rajasthan
|S. No.||Agency||EAP- Project|
|1||Asian Development Bank (ADB)||
|2||International Fund for Agriculture Development (IFAD)||
|3||The World Bank Group (WB)||
|4||Japan International Cooperation Agency (JICA)||
|5||KfW, (German Agency)||
|6||Agency Francaise De Development (AFD)||
**Reference data: Economic Review of Rajasthan 2017-18, Chapter 11