Question : What is the loan amount of recent France – India agreement ?
(a) 200 million euros
(b) 100 million euros
(c) 75 million euros
(d) 125 million euros
Answer (a)
Related facts
- France and India on June 20 signed an agreement with Paris committing 200 million euros to support Delhi’s Covid response.
- The credit financing agreement was signed in India in the virtual presence of Emmanuel Lenain, Ambassador of France to India.
- Through this loan, France will work with India to increase the state and central governments’ capacities to support the country’s most vulnerable people in the wake of the COVID-19 crisis.
- Focusing on boosting the Pradhan Mantri Garib Kalyan Yojna, the programme (loan) will provide further benefits to low-income families to ensure that the health, social and economic shocks arising from Covid-19 do not endanger people’s well-being or their contribution to the country’s economic growth in the long run.
- The programme also seeks to protect essential frontline workers of the pandemic, including those in healthcare, sanitation, and security, by providing them with health insurance.
- Social assistance programmes will also be put in place for migrant workers and low-income urban households that may be unable to seek compensation under PMGKY(Pradhan Mantri Garib Kalyan Yojna).
- The World Bank is the lead funder on this programme, which is supported by AFD (a French development agency) and other multilateral and bilateral development banks.
By – Pankaj Pandey