India to receive development assistance loan worth ₹3,500 Cr from Japan

Japan has committed an official Development Assistance loan of 3 thousand 500 crore rupees for the COVID-19 Crisis Emergency Response Support. The Notes were exchanged between the Additional Secretary in the Department of Economic Affairs Dr C.S. Mohapatra and Ambassador of Japan to India Suzuki Satoshi for a Health sector programme loan to fight the COVID-19 crisis.

Daily Current Affairs Quiz 2020

Key-Points

Japan International Cooperation Agency, JICA is a governmental agency that coordinates Official Development Assistance for the Government of Japan.

This programme loan aims to support India’s efforts in fighting COVID-19 and to prepare the health system to manage future epidemics.

India and Japan have had a long and fruitful history of bilateral development cooperation since 1958.

The recent step further consolidates and strengthens the Strategic and Global Partnership between India and Japan.