Accelerating India’s Covid-19 Social Protection Response Programme
Part of: GS Prelims and GS-II – Policies and Interventions; Health
- The Indian Government and the World Bank signed a $400 million project to support India’s efforts at providing social assistance to the poor and vulnerable households, severely impacted by the COVID-19 pandemic.
- The credit is from the International Development Association (IDA) – the World Bank’s concessionary lending arm.
- This is the second operation in a programmatic series of two.
- The first operation of $750 million was approved in May 2020.
- The programme will strengthen the capability of state and national governments in India to provide coordinated and adequate social protection to the poor and vulnerable from the shocks triggered by the COVID-19 pandemic.
- It 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.
Do you know?
- The International Development Association is an international financial institution which offers concessional loans and grants to the world’s poorest developing countries.
- The IDA is a member of the World Bank Group.
- It is headquartered in Washington, D.C., USA
- World Bank’s $750 million agreement: Click here