India will borrow Rs 3,500 crore from Japan to meet Covid-19 crisis

The Govt. of Japan has committed Official Development Assistance loan of an amount of JPY 50 billion (approx. Rs. 3,500 crore) for the COVID-19 Crisis Emergency Response Support. The Notes were exchanged between C.S. Mohapatra, Additional Secretary, Department of Economic Affairs, Government of India, and Suzuki Satoshi, Ambassador, Embassy of Japan to India for a Health sector programme loan to fight the COVID-19 crisis.

This programme loan aims to support India’s efforts in fighting COVID-19 and to prepare the health system to manage future epidemics and also to improve the resilience of India’s health systems against infectious diseases.

This Grant-in-aid from Government of Japan is for providing medical equipment to strengthen the public health and medical system in India. This will strengthen the health care facilities for managing critical and serious patients suffering from COVID-19 infection.