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Japan extends 30 bn yen loan to India for Covid-19 support

  •   Fri, Jan 08 2021 10:14:11 PM

New Delhi, Jan 8 (IANS): Japan has committed an Official Development Assistance (ODA) loan of 30 billion yen (approx Rs 2,113 crore) for a programme loan to support India's efforts at providing social assistance to Covid-19 impacted poor and vulnerable households.

The notes were exchanged on Friday between India's Additional Secretary, Economic Affairs, C.S. Mohapatra, and Japan's Ambassador Suzuki Satoshi for the Covid-19 Crisis Response Support Loan for Social Protection.

Subsequent to the exchange of notes, agreement for this programme loan was signed between Mohapatra and JICA's Chief Representative Katsuo Matsumoto.

This programme loan aims to support India's efforts to provide coordinated and adequate social protection to the poor and vulnerable across the country against the severe impacts of Covid-19 pandemic.

 
  

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Comment on this article

  • Rita, Germany

    Sat, Jan 09 2021

    It is a big hearted donation towards India.Hope it will be used to only and efficiently only to poor ones.and dont sicker in gutters.Would have better given to a fund where they have an eye over it.second ask too where it is being used.We know how money will be disappearing without name and fame by us.Still we say a big thank you for thinking of our Indias poor ones.

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