France and India on 18 June 2020 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 COVID-19 crisis.
 
 
What
  1. The programme design, developed by the World Bank in collaboration with the Indian authorities, seeks to optimize and scale up the Indian Government’s existing social protection measures. 
  2. 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.
  3. 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. 
  4. 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.
  5. 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.
  6. The World Bank is the lead funder of this programme, which is supported by AFD and other multilateral and bilateral development banks.
  7. 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.