Accelerating India’s COVID-19 Social Protection Response Programme
Part of: GS Prelims and GS-II – Health; Global groupings
In News:
The Government of India and the World Bank have recently signed an agreement for $750 million of $1 billion assistance.
Key takeaways:
Assistance is proposed for Accelerating India’s COVID-19 Social Protection ResponseProgramme to support India’s efforts at protecting vulnerable households impacted by the COVID-19 pandemic.
It will be implemented by the Ministry of Finance.
Also, $1 billion support was announced earlier in April 2020 as well by the Bank.
The new support will be funded in two phases.
The first phase will be an immediate allocation of $750 million for fiscal year 2020.
The remaining allocation of $250 million will be made available for fiscal year 2021 in the second phase.
In this phase, additional cash and in-kind benefits based on local needs will be extended through state governments and social protection delivery systems.
