New Delhi: The World Bank on Friday announced an aid of $1 billion (Rs 6,925 crore approximately) to support India’s efforts to provide social assistance to the poor and most vulnerable households severely impacted by the coronavirus pandemic.
The support package in fiscal and monetary measures will be funded in two phases –“an immediate allocation of $750 million for fiscal year 2020 and a $250 million second tranche that will be made available for fiscal year 2021” – the bank said in a statement.
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