Germany has become the second G-7 nation to offer emergency Covid aid to help the urban poor and vulnerable groups such as migrant workers in India following the Covid pandemic. Germany has committed an emergency support measure of 460 million Euros (Rs 3,893 crore) to support India.
The loan aims to develop systems and processes for coordinated action across ministries and states, balance social assistance and social insurance programmes and allow for portability of ‘ in kind benefits’ such as the “One Nation, One Ration Card’’ scheme.
France had earlier committed 200 million Euros (about Rs 1,700 crore) to boost the PM Garib Kalyan Yojna.
India has already borrowed $ 2.25 billion (about Rs 16,000 crore) from two China-led multilateral banks and about $ 2 billion (about Rs 14,000 crore) from the West-led World Bank and Asian Development Bank to provide relief to the vulnerable sections.
Article Copyright, The Tribune, India