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World Bank Signs $400 Million Project to Protect India’s Poor and Vulnerable from the Impact of COVID-19 Format This is the second operation in a programmatic series of two. The first operation of $750 million was approved in May 2020. It enabled immediate cash transfers to about 320 million individual bank accounts identified through pre-existing national social protection schemes under the Pradhan Mantri Garib Kalyan Yojana (PMGKY) and additional food rations for about 800 million individuals. The Second Accelerating India s COVID-19 Social Protection Response Program signed today will build on the shifts that the first operation has achieved and address some of the gaps. It will: ....
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