India’s Eligibility for Soft Loan

Press Information Bureau

Government of India

Ministry of Finance

22-May-2012 19:30 IST

As per present norms of IDA, when a country’s GNI per capita exceeds an operational cut off and remains above that for 2 years, the process for its graduation from IDA is triggered. The formal process of such graduation begins only in a Mid Term review of an IDA cycle. This formal process has not yet begun for India. Therefore, at this stage, developments with regard to these issues cannot be predicted.

This information was given by the Minister of State for Finance, Shri Namo Narain Meena in written reply to a question in Rajya Sabha today.

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