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India’s Foreign Aid Allocation for 2024-25 Unveiled in Interim Budget

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In the recently presented interim budget by Finance Minister Nirmala Sitharaman, details of India’s financial assistance to foreign nations have been disclosed for the fiscal year 2024-25. 

Bhutan emerges at the forefront, securing ₹2,398 crore in grants and loans, emphasizing India’s continued commitment to its neighboring nations. Other countries receiving aid include Maldives (₹600 crore), Nepal (₹650 crore), Myanmar (₹370 crore), Mauritius (₹330 crore), Afghanistan (₹220 crore), Bangladesh (₹130 crore), Sri Lanka (₹60 crore), Seychelles (₹10 crore), and Mongolia (₹5 crore). 

Notably, Maldives sees a 22% reduction in aid compared to the previous financial year, where it received ₹770.90 crore. These allocations underscore India’s dedication to fostering diplomatic relations and supporting the developmental aspirations of friendly nations.

CountryAllocation
Bhutan₹2,398 crore
Nepal₹650 crore
Maldives₹600 crore
Myanmar₹370 crore
Mauritius₹330 crore
Afghanistan₹220 crore
Bangladesh₹130 crore
Sri Lanka₹60 crore
Seychelles₹10 crore
Mongolia₹5 crore

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