Japan has pledged an official development assistance (ODA) loan of 30 billion yen (approximately Rs 2,113 crore) for a program loan in support of India’s efforts to provide social assistance to Covid-19 affected poor and vulnerable households.
The notes were exchanged on Friday between India’s Additional Secretary for Economic Affairs, C.S. Mohapatra, and Japanese Ambassador Suzuki Satoshi for the Covid-19 Crisis Response Support Loan for Social Protection.
After the exchange of notes, the agreement for this program loan was signed between Mohapatra and JICA’s Chief Representative Katsuo Matsumoto.
This program loan is designed to support India’s efforts to provide coordinated and adequate social protection to the poor and vulnerable across the country from the dire consequences of the Covid-19 pandemic.