World Bank Approves $1 Billion Social Protection Package To India For Fight Against COVID-19

The COVID-19 pandemic lockdown has affected the business as well as the finance sector in the entire country. The daily wage workers are the ones who are most affected by the pandemic. While being still on the lockdown, netizens as the whole country has been trying to make new streams of income to overcome the loss and tackle the crises caused because of the Coronavirus. Now, the World Bank has approved $1 billion for India as social security technology fund for the country’s urban poor and migrant workers.

As per the reports, the World Bank on Friday approved $1 billion to accelerate India’s Covid-19 Social Protection Response Program’s and to help the country to overcome the crises. The amount takes to the total commitment from the World Bank to $2 billion towards emergency Covid-19 response in India. As earlier the support of $1 billion was announced last month towards India’s health sector.

As per a report in Hindustan Times, Junaid Ahmad(country director, World Bank) said, “The project will be crucial to rebalance social security towards urban poor, as much as rural. I think PMs ‘Atmanirbhar mission’ is very important in terms of directions and India is not making a distinction between life and livelihoods in the aftermath of Covid-19,”

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