Bihar to get global aid of Rs 2,550 cr

PATNA: As an indicator of the state’s improved capacity to absorb money for implementing various developmental schemes, the state government will get Rs 2,550.53 crore from international financial institutions during the next fiscal.

Deputy CM and finance minister Sushil Kumar Modi said this while presenting his seventh successive budget in the state assembly on Friday. The money would be used for executing the externally aided projects, Modi added.

The amount is not a big deal in view of the money flowing to several other states from the international financial institutions. The big news is that the money flow as aid and loan from the international institutions to Bihar during the 2011-12 fiscal alone would be Rs 525 crore more than the sum obtained in the last five fiscals.