India grants Rs 19.37 million grant to Nepal

NEPAL-GRANT

Kathmandu, Oct 12 (PTI) India Tuesday announced Rs 19.37
million assistance to Nepal for implementing projects to
prevent floods and soil erosion caused by Kaligandaki river
which also threatened a 533-year-old Buddhist monastery near
the Tibet border.
An MoU was signed between the Indian Embassy here and
District Development Committee (Mustang) for providing the
grant assistance for river-training works of Kaligandaki river
near Gumba village under Nepal-India Economic Cooperation
Programme, according to an Embassy press release.
The river causes severe erosion of banks and land
inundation during rainy season causing problems for the
residents of its catchment area and also poses a threat to the
existence of the 533-year-old Buddhist monastery located at
Kagbeni VDC in Mustang district, it said.
The infrastructure to be constructed under Indian
grant assistance will help to save the banks of the river
below the monastery, thereby protecting it from danger of
collapse, the Embassy said.
It will also help to control floods and save the loss
of valuable property, crops and human lives caused due to the
floods in Kaligandaki river every year. PTI SBP

MHM


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