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Government has reviewed the existing policy of bilateral development co-operation to affirm the liberalization and reform orientation in India’s economic policy. Henceforth bilateral development assistance will be accepted from all G-8 countries, namely, U.S.A., UK, Japan, Germany, France, Italy, Canada and Russian Federation as well as the European Commission.
Regarding the countries of the European Union outside the G-8, bilateral development co-operation from such countries which provide a minimum bilateral aid package (of US$ 25 million per annum) to India is also welcome.
The other countries not covered by the above policy may consider providing bilateral aid directly to autonomous institutions, universities, NGOs, etc. as before.
A simplified policy to facilitate the flow of bilateral assistance to non-governmental organizations and autonomous institutions will be announced shortly.
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