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National News

Dec 17, 2020
8:18AM

GoI, World Bank sign 400 million dollar project to protect India’s poor from COVID-19

@FinMinIndia
Government of India and World Bank have signed 400 million dollar project to protect India’s poor and vulnerable from the impact of COVID-19. Finance Ministry said, this is the second operation in a programmatic series of two.
 
The first operation of 750 million dollar was approved in May 2020. The programme will strengthen the capability of state and central governments to provide coordinated and adequate social protection to the poor and vulnerable from the shocks triggered by the COVID-19 pandemic. The agreement was signed by Additional Secretary, Department of Economic Affairs CS Mohapatra and Sumila Gulyani, Acting Country Director, India, on behalf of the World Bank.
 
Speaking on the occasion, Dr Mohapatra said, the COVID-19 crisis has brought to the fore the risks that migrants and the urban poor face and the need for governments to strengthen preparedness for future disasters of this nature. He said, this programme will help further expand and deepen the coverage of India’s social protection systems by helping these vulnerable groups in urban and peri-urban areas across the country.

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