Archive · 31 Jul 2026
India, Bhutan Sign 4,000-Crore Credit Pact, Review Projects
India and Bhutan had a big meeting in Thimphu on July 31, 2024.
They talked about how India is helping Bhutan build roads, schools, and hospitals.
They signed a deal that lets Bhutan borrow 4,000 crore rupees from India at a low interest rate.
They also made a new agreement for medical research between two universities.
India gave Bhutan 45 electric cars to help the country use cleaner energy.
The leaders also opened two new parks in Thimphu together.
India and Bhutan signed a Rs 4,000 crore concessional line of credit agreement.
The talks reviewed progress of India-supported projects under Bhutan’s 13th Five‑Year Plan.
A memorandum of understanding was signed between AIIMS and Bhutan’s Khesar Gyalpo University of Medical Sciences.
45 electric vehicles were handed over to Bhutan as part of green mobility support.
The foreign secretaries virtually inaugurated the Thimphu Ecological Park and Olakha Park.
- Who
- Foreign Secretaries Vikram Misri (India) and Dasho Pema Lektup Dorji (Bhutan)
- What
- Signed a Rs 4,000 crore concessional line of credit, reviewed development projects, signed a health MoU, and handed over 45 electric vehicles
- When
- July 31, 2024
- Where
- Thimphu, Bhutan
- Why
- To support Bhutan's 13th Five-Year Plan and strengthen bilateral cooperation
- Line of Credit Amount
- Rs 4,000 crore (Nu 40 billion)
- Date of Agreement
- July 31, 2024
- Participants
- Foreign Secretary Vikram Misri and Dasho Pema Lektup Dorji
- Projects Reviewed
- India-supported projects under Bhutan's 13th Five-Year Plan
- EVs Handed Over
- 45 electric vehicles
