Business: World Bank approves USD 1 billion additional aid to India for this purpose
The World Bank on Friday approved USD 1 billion for India linked to Central government's programmes.
New Delhi: The World Bank on Friday approved USD 1 billion social protection package for India linked to Central government's programmes.
World Bank also said that the billion-dollar social protection package was in addition to the previous package of USD 1 billion allocated to India for COVID-19 emergency response and health systems.
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World Bank announces USD 1 billion social protection package for India linked to Govt of India programmes. pic.twitter.com/a1YpTpAt1O
— ANI (@ANI) May 15, 2020
"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 on Friday.
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The aid from the World Bank comes as the country continues to reel under COVID-19 pandemic. (ANI)