Skip to main content
Nikita Sharma
Business News Expert
Asked a question last year

How much centre borrowed from World Bank for COVID-19 relief.?

Where am I?

In Safejob Community you can ask and answer questions and share your experience with others!

The Centre is taking another $1 billion loan from the World Bank to support its COVID-19 relief measures and financial assistance for the poorest and most vulnerable communities.

The money will also be used for reforms in India’s social security net, making it more integrated, portable and focussed on the urban poor.

The loan was approved by the World Bank’s Board of Executive Directors , according to an official statement.

The bank had already approved a $1 billion loan to support India’s health sector in April, taking its total commitment to India’s COVID-19 response to $2 billion.