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Write a note on the SAARC development fund.

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SAARC Development Fund: The primary objectives of the SAARC Development Fund is to promote the welfare of the people of SAARC region. It concentrates on to improve the quality of life and to accelerate economic growth, social progress and poverty alleviation in the SAARC region. India has been one of the major contributors to the SAARC Development Fund.

The Fund has three areas of action on social, economic and infrastructure. India has offered US$ 100 million for the SAARC Fund to be utilized for projects in other SAARC countries. In the context of SAARC, India has also contributed to projects on natural disasters, endemics in particular HIV/AIDS and Avian’Flu and terrorism.

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