Dhaka, July 19 -- At least 16 development projects worth some US$3.0 billion under an Indian credit scheme for Bangladesh are being discarded shortly due to funding hurdles on the lender's part, officials said.

The current interim government has formed a technical committee comprising members from the ministries and agencies concerned and it is working to make an exit plan for the projects on drop list.

"The committee is already working to accumulate reports regarding the projects with necessary information to facilitate the Economic Relations Division (ERD) to finalise the exit plan for the projects," an ERD official said Friday.

"If we do not find any binding on the way to scrapping the projects, we will do that immediately," he adde...