Press Esc to close
Monday 30 March 2015
News updated at 5:57 PM IST
Weather
Max: 34.6°C
Min : 20.2°C
In Bengaluru
Sunny day

Govt to seek aid from World Bank, ADB to rebuild Uttarakhand

New Delhi, Jul 1, 2013 (PTI)
Devastated flood wash off barrage of 400MW Vishnuprayag Hydro power Project constructed on Alaknanda at Lambagar in Chamoli. PTI Photo

 Government will seek financial aid from multilateral bodies like World Bank and Asian Development Bank for reconstruction and rehabilitation in flood-ravaged Uttarakhand, Finance Minister P Chidambaram said today.

He said funds will not be a constraint for rebuilding the mountainous state which had witnessed the worst ever floods last month that killed several hundreds and destroyed properties worth crores.

"We are trying to develop a (financial) package for rehabilitation and reconstruction for which we will go to multilateral bodies, like we did in Tsunami case," Chidambaram told PTI.

"Prime Minister has already announced Rs 1,000 crore. Different ministries are using their own funds. Tourism has announced Rs 100 crore. Funds will not be a constraint. I have said it on the first day," the minister said.

Besides seeking aid from these multilateral agencies, the government will soon sent a joint team of Finance Ministry and Home Ministry to discuss with Uttarakhand state officials the redevelopment plan for the calamity-hit state.
}"What I have approved is that a team from the Finance Ministry and Home Ministry will go to Uttarakhand to sit (and discuss) with Uttarakhand Government officers," Chidambaram said.In view of the gravity of the situation, Prime Minister Manmohan Singh had last month announced financial support of Rs 1,000 crore to Uttarakhand for disaster relief, of which Rs 145 crore was released immediately.

Singh had also announced ex-gratia assistance of Rs 2 lakh each to families of those who had lost their lives and Rs 50,000 each to the injured, from the Prime Minister’s National Relief Fund (PMNRF).

The government had also decided to provide from the PMNRF, an ex-gratia assistance of Rs 1 lakh each to those whose houses have been completely destroyed and Rs 50,000 each to those whose houses have been damaged.


Go to Top

Photo Gallery
A Kashmiri villager cries...

A Kashmiri villager cries...

Kashmiri villagers and officials search for bodies...

Kashmiri villagers and officials search for bodies...

A resident carries a child through rising waters...

A resident carries a child through rising waters...

Kashmiri villagers gather during rescue efforts...

Kashmiri villagers gather during rescue efforts...

A man passes through a submerged bridge...

A man passes through a submerged bridge...

Vehicles pass through submerged bridge...

Vehicles pass through submerged bridge...

A boy jumps from a raft into the Sabarmati river to cool off on a hot day...

A boy jumps from a raft into the Sabarmati river to cool off on a hot day...

Christian devotees during a procession as they celebrate 'Palm Sunday' in Bhopal on Sunday...

Christian devotees during a procession as they celebrate 'Palm Sunday' in Bhopal on Sunday...

Goats fighting on compound wall in Bengaluru on Sunday...

Goats fighting on compound wall in Bengaluru on Sunday...

A salvaged bank partially under water at Badshah Chowk after the city received rainfall in Srinagar.

A salvaged bank partially under water at Badshah Chowk after the city received rainfall in Srinagar.

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523