The Government of India and the World Bank signed a $750 million of $1 billion proposed for Accelerating India’s COVID-19 Social Protection Response Programme to support India’s efforts at providing social assistance to the poor and vulnerable households, severely impacted by the COVID-19 pandemic.
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Key-Points
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.
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.
The $400 million credit is from the International Development Association (IDA) – the World Bank’s concessionary lending arm.