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India, World Bank sign USD 400 million project to protect India’s poor and vulnerable from the impact of COVID-19: Quick Highlights

India, World Bank sign USD 400 million project to protect India’s poor and vulnerable from the impact of COVID-19 Quick Highlights
India, World Bank sign USD 400 million project to protect India’s poor and vulnerable from the impact of COVID-19: Quick Highlights 

India, World Bank sign USD 400 million project to protect India’s poor and vulnerable from the impact of COVID-19: Quick Highlights 

The Government of India and the World Bank signed a $400 million project to support India’s efforts at providing social assistance to the poor and vulnerable households, severely impacted by the COVID-19 pandemic. 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.

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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 MoU Signed by

The agreement was signed by Dr. Mohapatra on behalf of the Government of India and Ms Sumila Gulyani, Acting Country Director, India, on behalf of the World Bank.

Quick Highlights - India, World Bank sign USD 400 million project to protect India’s poor and vulnerable

The programme was prepared in collaboration with the Asian Development Bank (ADB), Agence Française de Développement (AFD) and Kreditanstalt Fur Wiederaufbau (KfW).

The $400 million credit is from the International Development Association (IDA) – the World Bank’s concessionary lending arm.

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