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dated February 11, 1958: Ford Foundation’s grant

The Ford Foundation on February 10 announced grants exceeding 2,200,000 dollars to the Government of India to help increase the growth of small-scale industries. Development of small industries is a major feature of India’s Second Five-Year Plan inaugurated in 1956. It aims to increase the output of consumer goods for domestic use and export, to create new jobs, and to encourage individual manufacturing enterprise. More than half the grant will be used for machinery and equipment for new and existing facilities and about a third will go towards the travelling costs and salaries of foreign technicians and consultants who will assist India to launch her expanded programme.

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