Financial Assistance of India to Palestine: UPSC Daily Important Topic | 21 August 2022

Financial Assistance of India to Palestine

✓India has so far extended budgetary and project support of US$ 60 million to Palestine. 

During the visit of President Abbas to India in the year 2008, India announced a grant of US$ 10 million as budgetary support and this was transferred to Palestine in March 2009.During the visit of President Abbas to India in February 2010, India announced a budgetary support of US$ 10 million and this was transferred in the month of March 2010.

✓Again in 2012, during the visit of President Abbas India announced a grant of US$ 10 million as budgetary support to Palestine.

✓During the year 2015, India provided a total of US$ 9 million as financial assistance to 

Palestine; US$ 4 million was provided as project assistance towards the reconstruction of Gaza (on 12 January 2015), and US$ 5million was provided as budgetary assistance (on 12 October 2015).

✓In 2018, during the PMs visit a total of 50 million US$ was committed by India as assistance to Palestine.