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World Bank approves another US$1 billion aid to India

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World Bank on Friday announced a US$1 billion social protection package for India linked to the Government of India programmes. The package was announced in the wake of the rising coronavirus cases across the country.

In April, the World Bank approved a plan to roll out $160 billion in emergency aid over 15 months to help countries deal with the impact of the global coronavirus pandemic.

World Bank said that the billion-dollar social protection package was in addition to the previous package of $1 billion allocated to India for COVID-19 emergency response and health systems.

“The World Bank’s billion-dollar support for social protection will help India leverage it’s PM Garib Kalyan Yojana,” said World Bank Country Director (India) Junaid Kamal Ahmad.

Earlier on April 3, The World Bank had approved $1 billion emergency funding for India to help it tackle the coronavirus pandemic.

Guj records 324 new Covid19 cases, total touches 9,595, death toll at 586