International grants in news

March 4, 2022

A grant is a fund given by an entity (public body, charitable foundation, etc) to an individual or another entity for a specific purpose linked to public benefit. Unlike loans, grants are not to be paid back.

Millennium Challenge Corporation (MCC) grant

MCC is an independent U.S. foreign aid agency established in 2004 by the U.S. Congress.
It is to offer time-limited grants promoting economic growth, reducing poverty, and strengthening institutions, to low and lower-middle-income countries.
The selection process involves evaluating the country’s performance on 20 policy indicators ranging from control on corruption to government effectiveness.
It was originally proposed post the 9/11 terrorist attack as a tool to counter global poverty and international terrorism, as poverty and terrorism are linked.
On February 27^th, 2022, the Nepal parliament approved the MCC Nepal Compact (a $500-million grant) for electricity transmission and road development projects. The compact says the energy project will facilitate cross-border electricity trade with India.

Crafting Futures: India-UK Collaboration Scheme 2022

On February 3^rd, 2022, British Council announced another set of grant winners for its global program ‘Crafting Futures: India-UK Collaboration Scheme 2022.
Under the program, the grants are awarded to a partnership of two organizations, one in India and one in the UK, to jointly strengthen the creative & crafts sector in India.
Under the second round of the program, applications were invited for project proposals from India and the UK organizations, out of which three projects have been chosen.
The partnerships between the following organizations were also shortlisted for grants:
- Jaipur Rugs Foundation from India and University of Arts, London.
- Indian Institute of Craft and Design (IICD) in Jaipur and West Dean College of Arts and Conservation in the UK.
- The University of Liverpool in the UK and INTACH Hooghly Chapter in India.

Grants won by Jindal School of International Affairs (JSIA)

JSIA under OP Jindal Global University (JGU) has been awarded two foreign grants.
In 2021, JSIA won a prestigious grant from the USA for delivering a high-quality massive online open course (MOOC) on ‘Understanding US Foreign Policy & US-India Relations’.
In 2022, JSIA was awarded a grant by the government of Australia, under the ongoing Australia-India Indo-Pacific Ocean initiative, for analyzing different aspects of Integrated Maritime Management and Security across the Indo-Pacific region.

India also gives grants to many countries like Nepal, Sri Lanka to build public infrastructure.

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