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Japan extends 30 bn yen loan to India for Covid-19 support

Subsequent to the exchange of notes, agreement for this programme loan was signed between Mohapatra and JICA’s Chief Representative Katsuo Matsumoto.

IANS | New Delhi | January 9, 2021 4:11 am

Japan extends 30 bn yen loan to India for Covid-19 support

(Representational Image: iStock)

Japan has committed an Official Development Assistance (ODA) loan of 30 billion yen (approx Rs 2,113 crore) for a programme loan to support India’s efforts at providing social assistance to Covid-19 impacted poor and vulnerable households.

The notes were exchanged on Friday between India’s Additional Secretary, Economic Affairs, C.S. Mohapatra, and Japan’s Ambassador Suzuki Satoshi for the Covid-19 Crisis Response Support Loan for Social Protection.

Subsequent to the exchange of notes, agreement for this programme loan was signed between Mohapatra and JICA’s Chief Representative Katsuo Matsumoto.

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This programme loan aims to support India’s efforts to provide coordinated and adequate social protection to the poor and vulnerable across the country against the severe impacts of Covid-19 pandemic.

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