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World Bank announces USD 1 billion to India as social protection package - See Latest
World Bank announces USD 1 billion to India as social protection package

In the ongoing war with Covid-19, the World Bank (India) on Friday approved India for a USD 1 billion dollar social protection package worth 7500 crores. The World Bank has given this approval in view of the continuous efforts of the Government of India for poor and epidemic-sensitive families. The World Bank has approved the US $1 billion for India as social protection package fund for the country’s urban poor and migrant workers during the coronavirus crisis.

This takes the total commitment from the World Bank towards emergency Covid-19 response in India to the US $2 billion. A US $1 billion support was announced last month to support India’s health sector. 'The project will be crucial to rebalancing social security towards urban poor, as much as rural,' said Junaid Ahmad, country director, World Bank.

World bank 1 billion to India as social protection package

'The World Bank said the support in collaboration with the government is aimed at integrating platforms so that people should not have to run around from one place to another to access a myriad of social schemes,' said Shrayana Bhattacharya, senior World Bank official.

 

'I think PMs ‘Atmanirbhar mission’ is very important in terms of directions and India is not making the distinction between life and livelihoods in the aftermath of Covid-19,' he added.

According to the Health Ministry, until 8 am on May 15, the number of active cases of Covid-19 infection across the country reached 51401, while the number of people recovering from this is 27919. The death toll due to this infection is 2649 nationwide. The World Bank will partner with the Govt of India in three areas - health, social protection, and the Micro, Small & Medium Enterprises (MSME): Junaid Ahmad, World Bank Country Director for India.

World Bank announces USD 1 billion to India 

This era of coronavirus, the World Bank has announced a social protection package of $ 1 billion, or about 7500 crore rupees for India. It is associated with the programs of the Government of India. Please tell that due to Coronavirus, there has been a lockdown in the country for a long time, due to which life and life have been disturbed. In this case, this help has been provided by the World Bank.

So far in India, coronavirus cases have crossed the figure of 78 thousand, and more than two and a half thousand people have died. Various measures are being taken in India from lockdown to testing and social distancing, but the coronavirus infection is not taking the name.

Should Read: Twenty Lakh Crores Package Part 2