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Japan International Cooperation Agency (JICA) established as an independent administrative institution under the law concerning the Independent Administrative Institution Japan International Cooperation Agency (Law No. 136, 2002), JICA aims to contribute to the promotion of international cooperation as well as the sound development of Japanese and global economy by supporting the socioeconomic development, recovery or economic stability of developing regions.
The Loan Agreement (ID-P/111 dated 25-01-1996) executed between the Government of India and the OECF (JICA) provided for a total project cost for Rs.219.31 crore. Out of this 176 crore could be availed as loan as per the terms and conditions agreed upon .The project implementing agency AHADS has to incur the expenditure initially and then avail the loan as reimbursement from JICA through the Govt. of India.
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