World Bank Social Protection Package for India
The World Bank has approved USD 1 billion aid to support India’s efforts for providing social assistance to poor, vulnerable households amid the coronavirus outbreak, With this, the total commitment from the World Bank towards emergency COVID-19 response in India has now reached to USD 2 billion. Earlier, a USD 1 billion support was announced last month to support India’s health sector. Institution will partner with the Indian government in three key areas. – Health, social protection and the Micro, Small & Medium Enterprises (MSME). India’s social protection is pivoted towards migrants, unorganized workers, portability and creating an integration of the system. It piggybacks on an existing infrastructure of the Public distribution system, Jan Dhan, Aadhar & mobile.
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