India will receive an Official Development Assistance (ODA) loan of an amount of JPY50 billion (approx. Rs. 3,500 crore) from the government of Japan. Japan has committed the loan for the COVID-19 Crisis Emergency Response Support in order to fight the COVID-19 crisis.
The ODA loan will support India’s efforts in its fight against COVID-19. It will also assist the country to prepare the health system to handle future epidemics. It will also increase the resilience of India’s health systems against infectious diseases.
Japanese government has also committed Grant Assistance of an amount of JPY 1 billion (approx. Rs. 70 crore) for offering medical equipment to bolster the public health and medical system in India.