India to receive development assistance loan worth ₹3,500 Cr from Japan
Japan has committed an official Development Assistance loan of 3 thousand 500 crore rupees for the COVID-19 Crisis Emergency Response Support. The Notes were exchanged between the Additional Secretary in the Department of Economic Affairs Dr C.S. Mohapatra and Ambassador of Japan to India Suzuki Satoshi for a Health sector programme loan to fight the COVID-19 crisis.
Daily Current Affairs Quiz 2020
Key-Points
Japan International Cooperation Agency, JICA is a governmental agency that coordinates Official Development Assistance for the Government of Japan.
This programme loan aims to support India’s efforts in fighting COVID-19 and to prepare the health system to manage future epidemics.
India and Japan have had a long and fruitful history of bilateral development cooperation since 1958.
The recent step further consolidates and strengthens the Strategic and Global Partnership between India and Japan.
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