India, Nepal sign MoU for Reconstruction of 6 Schools in Nepal

On February 18, 2021, India & Nepal signed a Memorandum of Understanding (MoU) for Reconstruction of 6 Secondary Schools in Nepal at a cost of Nepali Rupees 518 Million (NPR) (~ INR 32.63 crore).

• The MoU was signed by Indian Embassy & Nepal’s Central Level Project Implementation Unit (Education) of Nepal Reconstruction Authority (NRA).
• Central Building Research Institute (CBRI), Roorkee, a leading institute in India in the field of earthquake-resilient reconstruction will provide technical assistance for construction of these schools.
• The signing of the MoU took place at a ceremony for the reconstruction of Shree Kanti Bhairab Secondary School at Kageshwari Municipality in Kathmandu in Nepal, which is being reconstructed at a cost of NPR 266 Million.

6 Secondary Schools to be reconstructed are

• Kanti Bhairab Secondary School, Champa Devi Secondary School, Dhapasi Secondary School and Bishnu Devi Secondary School-located in Kathmandu district and
• Siddheshwar Secondary School and Harisiddhi Secondary School – located in Kavre district.

India’s Financial Grant to Nepal

• India has committed a financial assistance of USD 250 Million for reconstruction projects in Education, health, cultural heritage & housing sectors.
• For the Education Sector alone, India has committed a grant of USD 50 Million under which 71 educational institutions damaged during 2015 earthquake are being reconstructed in 8 districts of Nepal.

Recent Related News:

i.On November 3, 2020, Indian Ambassador to Nepal, Vinay Mohan Kwatra handed over a cheque of NPR (Nepalese Rupee) 1 Billion (~ INR 62.5 Crores) to Bishnu Prasad Paudel, Finance Minister of Nepal as reimbursement of Nepal Housing Reconstruction Project.

About Nepal:

President – Bidya Devi Bhandari
Capital – Kathmandu
Currency – Nepalese Rupee (NPR)