Japan International Cooperation Agency
Japan has been extending financial assistance for India’s development programme since 1958. Initially Japanese aid to India was channelised through the Government owned Export-Import Bank of Japan (J-EXIM). During 1975-76, aid was channelised through the Overseas Economic Cooperation Fund (OECF) of Japan. From 1976-77 onwards, both project and commodity aid was being channelised through the OECF. With effect from 1st October, 1999, J-EXIM and OECF have merged and the new agency Japan Bank for International Cooperation (JBIC) is the channel for both-ODA operations as well as the International economic operations function of Government of Japan.
Japan International Cooperation Agency (JICA) facilitates implementation of grant aid programme of Government of Japan and implements technical cooperation programme like project type technical cooperation, development study, dispatch of experts, training of Indian officials in Japan etc. The major targets of Grant Aid are projects for Basic Human Needs, which essentially have low economic viability and as such, not deemed suitable to be funded by loans. The priority sectors covered are (i) Public Health and Medical Care, (ii) Agriculture and Rural Development and (iii) Environmental Conservation and Protection.