Name: France commits 200 million Euros for India's Covid response
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France commits 200 million Euros for India's Covid response

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Search+›››› France commits 200 million Euros for India's Covid responseBy , Last Updated: Jun 18, 2020, 05:36 PM ISTSynopsisNEW DELHI: and on Thursday signed an agreement with Paris committing 200 million euros to support Delhi's Covid response.The credit financing agreement was signed by Dr C.S. Mohapatra, Additional Secretary - DEA, and Bruno Bosle, Director - AFD (French Development Agency) 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 .The programme design, developed by the in collaboration with the Indian authorities, seeks to optimize and scale up the Indian Government’s existing social protection measures. Focusing on boosting the , 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.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.Recalling the importance France attaches to facing global challenges through multilateral cooperation, the Ambassador of France to India, Lenain, said, “President Macron and Prime Minister 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.”The World Bank is the lead funder on this programme, which is supported by AFD and other multilateral and bilateral development banks.Agence Française de Développement (AFD – French Development Agency) Group is a public financial institution that finances, supports and accelerates transitions towards a more just and sustainable world.Experience Your Economic Times Newspaper, The Digital Way!&nbsp;»(Catch all the , Events and Updates on .)Download to get Daily Market Updates &amp; Live Business News.Subscribe to XContinue reading with one of these options:Limited AccessFreeLogin to get access to some exclusive stories &amp; personalised newslettersLogin NowUnlimited AccessStarting @ Rs120/monthGet access to exclusive stories, expert opinions &amp; in-depth stock reportsSubscribe NowTo read full story, subscribe to ET Prime₹34 per weekBilled annually at₹2499Already a Member? Super Saver Sale - Flat 30% OffOn ET Prime MembershipAlready a Member? Rs 49 for 1st monthThen Rs. 1,749 per yearValid only with UPI, Credit &amp; Debit Cards Autopay---Subscribe Now(Credit card mandatory)You can cancel your subscription anytime---Subscribe Now(Pay Using Netbanking/UPI/Debit Card)Netbanking, Credit &amp; Debit CardSubscribe with Google₹399MonthlyPLANBilled Amount ₹399No Trial Period₹399₹208(Save 49%)YearlyPLANBilled Amount ₹2,499₹399₹150(Save 63%)2-YearPLANBilled Amount ₹3,599$13.99(Save 40.0%)$33.99Get ET Prime for just ₹2499 ₹1749/yrSpecial OfferGet Flat 20% OffON ET PRIME MEMBERSHIPStories you might be interested inSUBMIT

Search+›››› France commits 200 million Euros for India's Covid responseBy , Last Updated: Jun 18, 2020, 05:36 PM ISTSynopsisNEW DELHI: and on Thursday signed an agreement with Paris committing 200 million euros to support Delhi's Covid response.The credit financing agreement was signed by Dr C.S. Mohapatra, Additional Secretary - DEA, and Bruno Bosle, Director - AFD (French Development Agency) 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...

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France commits 200 million Euros for India's Covid response

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