France provides 200 million euros assistance to India for tackling COVID-19 crisis
Macron Modi
France on Thursday signed a credit financing agreement with India worth 200 million euros to help New Delhi in tackling the coronavirus crisis.
"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," the statement said, reported PTI.
Designed and developed by the World Bank in collaboration with the Indian authorities, the assistance seeks to optimize and scale up the Indian government's existing social protection programmes, it said.
"Focusing on boosting the Pradhan Mantri Garib Kalyan Yojna, the programme 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," it said.
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The statement also said that the programme is also intended to protect frontline workers battling the pandemic, including healthcare, sanitation, and security personnel 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 get aid under PMGKY, it added.
Emmanuel Lenain, Ambassador of France to India, who was present at the sign of the agreement, said: "President Macron and Prime Minister (Narendra) Modi have been working together so that the excellent relations between our two countries translate into concrete cooperation in the fight against COVID-19."
"The Indian government's rollout of the PMGKY is a testament to its commitment to ensuring that the most vulnerable sections of society are protected, and it is this commitment that France, through the French Development Agency and its partners, is determined to support."