What India has done in Mongolia
Partner on India's single largest Line of Credit to a landlocked country, financing the Mongol Refinery.
At a glance
0
Humanitarian operations
None recorded here yet.
₹8.29cr
Grant assistance recorded
2024-25 · Actual expenditure
Source
India BudgetOFFICIAL SOURCE
Notes on Demands for Grants 2026-2027 — Demand No. 29, Ministry of External Affairs ↗- Published
- 1 February 2026
- Location
- Aid to Countries table, Central Sector Schemes/Projects
- Stated as
- 8.29 INR crore
Technical details
Record src-budget-2026-2027 · retrieved 30 August 2026 · last verified 30 August 2026
US$1.71 bn
Government-supported Lines of Credit
5 repayable facilities
1
Recorded development project
Our development project register is still being expanded and does not yet cover everything India has built.
Development partnership
What India helped build
Our development project register is still being expanded and does not yet cover everything India has built.
Repayable financing
Government-supported Lines of Credit
Credit extended through the Exim Bank with Government of India support. This is money the borrowing government repays with interest — it is never counted as grant assistance.
US$1.71 bn
New Government-supported Lines of Credit
5
Repayable facilities
- For financing the construction of Crude Oil Refinery ProjectUS$700M2025REPAYABLE
- Construction of Crude Oil Refinery PlantUS$599M2023REPAYABLE
- Construction of Crude Oil Refinery PlantUS$203.24M2023REPAYABLE
- Construction of Crude Oil Refinery PlantUS$190M2023REPAYABLE
View all 5 credit lines →
| Purpose | Borrower | Amount | Signed | Nature |
|---|---|---|---|---|
| For financing the construction of Crude Oil Refinery Project | Government of Mongolia | US$700M | 16 Jan 2025 | New credit |
| Construction of Crude Oil Refinery Plant | Government of Mongolia | US$599M | 17 Aug 2023 | New credit |
| Construction of Crude Oil Refinery Plant | e | US$203.24M | 17 Aug 2023 | New credit |
| Construction of Crude Oil Refinery Plant | Government of Mongolia | US$190M | 17 Aug 2023 | New credit |
| India-Mongolia Joint Information Technology Education & Outsourcing Center (IMJIT) Project | Government of Mongolia | US$20M | 14 Feb 2012 | New credit |
Grant assistance
Year by year, as actually spent
Actual expenditure recorded in Government budget accounts — not a budget estimate. Estimates are available below for anyone who wants the full ledger.
₹29.24 cr
Across 11 recorded financial years
- 2024-25₹8.29 cr
- 2023-24₹3.45 cr
- 2020-21₹0.48 cr
- 2018-19₹0.62 cr
- 2017-18₹0.42 cr
- 2016-17₹1.94 cr
- 2015-16₹7.49 cr
- 2014-15₹2.28 cr
- 2013-14₹1.5 cr
- 2012-13₹0.75 cr
- 2011-12₹2.02 cr
Capital account — lending, not granting REPAYABLE
- 2009-10₹121.55 cr
Major Head 7605, loans to foreign governments. Never added to the grant figures above.
Budget and Revised Estimates (32) — plans, not payments
| Year | Stage | Account | Amount |
|---|---|---|---|
| 2026-27 | Budget Estimate | Revenue (grant) | ₹25 cr |
| 2025-26 | Budget Estimate | Revenue (grant) | ₹5 cr |
| 2025-26 | Revised Estimate | Revenue (grant) | ₹25 cr |
| 2024-25 | Budget Estimate | Revenue (grant) | ₹5 cr |
| 2024-25 | Revised Estimate | Revenue (grant) | ₹5 cr |
| 2023-24 | Budget Estimate | Revenue (grant) | ₹7 cr |
| 2023-24 | Revised Estimate | Revenue (grant) | ₹5 cr |
| 2022-23 | Budget Estimate | Revenue (grant) | ₹12 cr |
| 2022-23 | Revised Estimate | Revenue (grant) | ₹2.5 cr |
| 2021-22 | Budget Estimate | Revenue (grant) | ₹2 cr |
| 2021-22 | Revised Estimate | Revenue (grant) | ₹2 cr |
| 2020-21 | Budget Estimate | Revenue (grant) | ₹2 cr |
| 2020-21 | Revised Estimate | Revenue (grant) | ₹0.58 cr |
| 2019-20 | Budget Estimate | Revenue (grant) | ₹5 cr |
| 2019-20 | Revised Estimate | Revenue (grant) | ₹2 cr |
| 2018-19 | Budget Estimate | Revenue (grant) | ₹5 cr |
| 2018-19 | Revised Estimate | Revenue (grant) | ₹2 cr |
| 2017-18 | Budget Estimate | Revenue (grant) | ₹5 cr |
| 2017-18 | Revised Estimate | Revenue (grant) | ₹2.5 cr |
| 2016-17 | Budget Estimate | Revenue (grant) | ₹5 cr |
| 2016-17 | Revised Estimate | Revenue (grant) | ₹2 cr |
| 2015-16 | Budget Estimate | Revenue (grant) | ₹2.5 cr |
| 2015-16 | Revised Estimate | Revenue (grant) | ₹7.5 cr |
| 2014-15 | Budget Estimate | Revenue (grant) | ₹2.5 cr |
| 2014-15 | Revised Estimate | Revenue (grant) | ₹2.5 cr |
| 2013-14 | Budget Estimate | Revenue (grant) | ₹2.5 cr |
| 2013-14 | Revised Estimate | Revenue (grant) | ₹1.5 cr |
| 2012-13 | Budget Estimate | Revenue (grant) | ₹2 cr |
| 2012-13 | Revised Estimate | Revenue (grant) | ₹1 cr |
| 2011-12 | Budget Estimate | Revenue (grant) | ₹2 cr |
| 2011-12 | Revised Estimate | Revenue (grant) | ₹2 cr |
| 2009-10 | Budget Estimate | Capital (loan) | ₹125 cr |
Evidence
Where this comes from
Every figure above keeps its source. Open this to see each one, and which are direct links to the exact document.
Sources & evidence19 sources19 with a direct link to the exact document.View sourcesHide
Financial assistance
India BudgetOFFICIAL SOURCENotes on Demands for Grants 2017-2018 — Demand No. 28, Ministry of External Affairs1 February 2017 · Aid to Countries table, Central Sector Schemes/Projects↗India BudgetOFFICIAL SOURCENotes on Demands for Grants 2018-2019 — Demand No. 28, Ministry of External Affairs1 February 2018 · Aid to Countries table, Central Sector Schemes/Projects↗India BudgetOFFICIAL SOURCENotes on Demands for Grants 2019-2020 — Demand No. 26, Ministry of External Affairs1 February 2019 · Aid to Countries table, Central Sector Schemes/Projects↗India BudgetOFFICIAL SOURCENotes on Demands for Grants 2020-2021 — Demand No. 26, Ministry of External Affairs1 February 2020 · Aid to Countries table, Central Sector Schemes/Projects↗India BudgetOFFICIAL SOURCENotes on Demands for Grants 2021-2022 — Demand No. 28, Ministry of External Affairs1 February 2021 · Aid to Countries table, Central Sector Schemes/Projects↗India BudgetOFFICIAL SOURCENotes on Demands for Grants 2022-2023 — Demand No. 29, Ministry of External Affairs1 February 2022 · Aid to Countries table, Central Sector Schemes/Projects↗India BudgetOFFICIAL SOURCENotes on Demands for Grants 2023-2024 — Demand No. 29, Ministry of External Affairs1 February 2023 · Aid to Countries table, Central Sector Schemes/Projects↗India BudgetOFFICIAL SOURCENotes on Demands for Grants 2024-2025 — Demand No. 29, Ministry of External Affairs1 February 2024 · Aid to Countries table, Central Sector Schemes/Projects↗India BudgetOFFICIAL SOURCENotes on Demands for Grants 2025-2026 — Demand No. 29, Ministry of External Affairs1 February 2025 · Aid to Countries table, Central Sector Schemes/Projects↗India BudgetOFFICIAL SOURCENotes on Demands for Grants 2026-2027 — Demand No. 29, Ministry of External Affairs1 February 2026 · Aid to Countries table, Central Sector Schemes/Projects↗India BudgetOFFICIAL SOURCENotes on Demands for Grants 2009-2010 — Demand No. 31, Ministry of External Affairs28 February 2009 · Technical & Economic Cooperation with Other Countries↗India BudgetOFFICIAL SOURCENotes on Demands for Grants 2011-2012 — Demand No. 31, Ministry of External Affairs28 February 2011 · Technical & Economic Cooperation with Other Countries↗India BudgetOFFICIAL SOURCENotes on Demands for Grants 2012-2013 — Demand No. 31, Ministry of External Affairs28 February 2012 · Technical & Economic Cooperation with Other Countries↗India BudgetOFFICIAL SOURCENotes on Demands for Grants 2013-2014 — Demand No. 32, Ministry of External Affairs28 February 2013 · Technical & Economic Cooperation with Other Countries↗India BudgetOFFICIAL SOURCENotes on Demands for Grants 2014-2015 — Demand No. 32, Ministry of External Affairs28 February 2014 · Technical & Economic Cooperation with Other Countries↗India BudgetOFFICIAL SOURCENotes on Demands for Grants 2015-2016 — Demand No. 33, Ministry of External Affairs28 February 2015 · Technical & Economic Cooperation with Other Countries↗India BudgetOFFICIAL SOURCENotes on Demands for Grants 2016-2017 — Demand No. 28, Ministry of External Affairs28 February 2016 · Technical & Economic Cooperation with Other Countries↗Lines of Credit
EXIM Bank of IndiaOFFICIAL SOURCEEXIM Bank of India — Government of India supported Lines of CreditDate not stated↗EXIM Bank of IndiaOFFICIAL SOURCEExim Bank of India — Government of India supported Lines of Credit, signed LOC statistics as on 31 July 202631 July 2026 · SignedLOCStatisticsReport↗Every published figure keeps its source provenance. Direct links to the exact official document are shown wherever they have been resolved.
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