Categories: National

World Bank approves $1 billion social protection package for India

In wake of the COVID-19 pandemic, the World Bank has announced $1 billion social protection package for India. This package will be linked to the programmes launched by the Government of India. Hence, it will support India’s efforts at providing social assistance to the poor and vulnerable households who severely impacted by the COVID-19 pandemic.

Click Here To Get Test Series For SBI PO 2020

The $1 billion social protection package for India has taken the total commitment from the World Bank towards emergency COVID-19 response in India to $2 billion. The social protection package for India would be funded in two tranches in the following manner:

  • First tranche will be made available as an immediate allocation of $750 million for fiscal year 2020.
  • Second tranche would be remaining $250 million that would be made available for fiscal year 2021.

Important takeaways for all competitive exams:

  • President of World Bank: David Malpass.
  • Headquarter of World Bank: Washington DC.

Find More National News Here

Recent Posts

Which is the Highest Dam in India? Know the Name and Its Location

Did you know India is home to some of the tallest and most powerful dams…

1 hour ago

Indian Railways Launches First LNG–Diesel Dual-Fuel DEMU Train in Ahmedabad

Indian Railways has achieved an important milestone by launching the country’s first LNG–Diesel dual-fuel DEMU…

1 hour ago

Andhra Pradesh to Set Up Exclusive Women Industrial Park to Boost Women Entrepreneurs

Andhra Pradesh has taken a strong and positive step to support women entrepreneurs by planning…

2 hours ago

India-China Trade Surges to Historic USD 155 Billion Amid Diplomatic Recalibration

The world’s two most populous nations and Asia’s largest economies have reached a historic trade…

2 hours ago

Elon Musk Becomes the First Person With $800 Billion Wealth

In February 2026, Elon Musk achieved a historic milestone by becoming the first individual on…

2 hours ago

Divakar Jayant Assumes Charge as Director General of Naval Armament

Shri Divakar Jayant, a distinguished officer of the Indian Naval Armament Service (INAS), officially assumed…

2 hours ago