The details of outstanding loan of Government of India towards each of the multilateral institutions i.e., International Bank for Reconstruction and Development (IBRD), International Development Association (IDA), International Fund for Agriculture Development (IFAD) and Asian Development Bank(ADB) are as under:

Amount INR

Sl. No.	Name of Institution	Debt Outstanding on 31.3.2016
1.	ADB	660,629,538,578
2.	World bank (IBRD)	615,530,830,761
3.	World Bank (IDA)	1,637,718,186,006
4.	IRAD`	21,453,084,483

The details of the amount of the loan taken during the last three years, year-wise and institution-wise are given below. Besides facilitating socio-economic development, the financial assistance from MDBs also facilitates transfer of technology, sharing of knowledge and international best practices, which results in improvement in systems and processes.

Loan amount (INR in Crore)

Sl. No.	Name of Institution	2013-14	2014-15	2015-16
1.	ADB	4,263.00	6,580.61	7,176.90
2.	World bank (IBRD)	3,402.69	5,634.81	5,782.39
3.	World Bank (IDA)	6,738.90	8015.20	9439.71
4.	IRAD`	210.29	191.74	220.05

Several steps are being taken by the Government to speed up the disbursement of the projects and to ensure that the projects are implemented within the agreed time frame thereby contributing to socio-economic development of the country. A project readiness checklist has been devised for ensuring adequate preparedness of projects before implementation. Strict monitoring of disbursements/projects through Tripartite Review meetings (TPRM), State Review Meetings (SRM) is being undertaken. Further, D.O. letter at Secretary level are issued to Line Ministries and State Governments bringing out various issues in implementation of project.

This was stated by Shri Jayant Sinha, Minister of State in the Ministry of Finance in written reply to a question in Lok Sabha.

Multilateral development loans: government reports outstanding borrowings and strengthens project readiness and monitoring to accelerate disbursements. Disclosure of Government of India outstanding borrowings from multilateral development institutions as of 31 March 2016 and year wise loan inflows over the preceding three years, noting MDB financing supports socio economic development and technology and knowledge transfer; and description of measures to speed project disbursement, including a project readiness checklist, Tripartite Review Meetings, State Review Meetings, and Secretary level departmental letters to line ministries and state governments to address implementation issues.