Financial Details

Funds Flow


Reimbursement cycle
All external aid disbursed by external agencies to Government of India is first received by the Central Government in the Ministry of Finance, Department of Economic Affairs, office of Controller of aid accounts and Audit(CAAA). The reimbursement cycle in case of state sector project is explained below.


Terms and conditions of Development Credit Agreement(DCA)

(Article II “The credit” Para 2.07)

Project Period	: 27.01.2005 to 30.09.2010
Commitment Charges	: ½ of 1% per annum on the principal amount of the credit not withdrawn.
Service Charges	: ¾ of 1% per annum of the principal amount of the credit withdrawn and outstanding from time to time.
Repayment of Principal Amount	: Repayable in semiannual installments payable on each June 15th and December 15th.

S.No	Date of Commencement	% repayable in each installment	No. of installments	Total Principal Amount Repaid
1	June 15, 2015 to December 15 2024 (10 years)	1¼ %	20	25 %
2	June 15, 2025 to December 15 2039 (15 years)	2½ %	30	75 %
	Total			100 %

Terms and conditions of Government of India to State Government
Terms and Conditions Between Govt. of Tamil Nadu & Govt. of India

As per Office Memorandum, Annex II of External Assistance Manual)

• The external assistance received from World Bank is passed on by the Government of India to States as Additional Central Assistance (ACA) in 30 : 70 mix of grants and loans.

• Maturity period of loan is 20 years

• Rate of Interest is 12%