Categories: Business

India gets big help to deal with COVID-19, ADB approves $ 3 million grant

Photo: INDIANEXPRESS

ADB approves USD 3 million grant to India to combat COVID-19

new Delhi. The multilateral financing agency Asian Development Bank (ADB) said on Wednesday that it approved a grant of $ 3 million (about Rs 22 crore) to India to support the government's emergency initiative to combat the Kovid-19 epidemic. is. This grant will be provided by ADB from its Asia Pacific Disaster Response Fund.

A statement issued by the ADB said that this grant money would be used to purchase thermal scanners and other essential consumer goods to further strengthen India's fight against Kovid-19. This grant is funded by the Government of Japan.

The statement said that this new grant is part of the ADB's ongoing support to the Government of India in overcoming its Kovid-19 epidemic. With this support, monitoring of disease can be done to detect it quickly, seek contact and expand treatment operations. Along with this, other public health measures will also continue.

On April 28, ADB approved $ 1.5 billion under the Quick Response and Expenditure Support (Cares) program for India to overcome Kovid-19. The amount was approved to support rapid measures like disease control and prevention, social security among poor and economically weaker sections in India, especially among women and disadvantaged groups.

The Cares program is funded by the COVID-19 epidemic response option under the ADB's counter-cyclical support facility. The facility was set up under ADB's $ 20 billion expanded assistance, which was created in quick response to the epidemic for its developing member countries. It was announced on 13 April.

This post was published on July 29, 2020 4:06 pm

Content Team

Recent Posts

India can emerge as destination for countries searching for import alternative says gadkari

Photo: PTI (FILE) Nitin gadkari new Delhi. Union Minister Nitin Gadkari said on Friday that India could become a major…

Foreign exchange reserve touches new record high

Photo: PTI (FILE) Foreign exchange reserve touches new record high new Delhi. The country's foreign exchange reserves have once again…

top yes bank official handle work of rana kapoor's firm says ED

Photo: PTI yes bank new Delhi. The Enforcement Directorate (ED), while investigating the alleged Rs 3,700 crore Yes Bank fraud…