Daily Current Affairs Quiz 2020<\/strong><\/a><\/p>\n\n\n\nKey-Points<\/h2>\n\n\n\n
AIIB\u2019s timely financial support will contribute to the effective implementation of the government\u2019s COVID-19 Emergency Response Programme.<\/p>\n\n\n\n
The Programme will provide the Government of India with budget support to mitigate the severe adverse social and economic impact of COVID-19.<\/p>\n\n\n\n
The current loan will be the second to India from AIIB under its COVID-19 crisis recovery facility apart from the earlier approved $500 million loan for the COVID-19 Emergency Response and Health Systems Preparedness Project.<\/p>\n\n\n\n
The Primary Programme beneficiaries would be families below the poverty line, farmers, healthcare workers, women, women\u2019s self-help groups, widows, people with disabilities, senior citizens, low wage earners, construction workers and other vulnerable groups.<\/p>\n\n\n\n
The project is being financed by the Asian Infrastructure Investment Bank (AIIB) and Asian Development Bank (ADB) in the amount of $2.250 billion, of which $750 million will be provided by AIIB and $1.5 billion will be provided by ADB.<\/p>\n\n\n\n
The project will be executed by the Department of Economic Affairs, Ministry of Finance, through various line ministries.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Government of India and the Asian Infrastructure Investment Bank (AIIB) signed a $750 million \u201cCOVID-19 Active Response and Expenditure Support Programme\u201d to assist India to strengthen its response to the adverse impacts of the COVID-19 pandemic on poor and vulnerable households. This is the first ever budgetary support programme from the AIIB to India. […]<\/p>\n","protected":false},"author":404,"featured_media":23691,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[870],"tags":[],"offerexpiration":[],"class_list":["post-23690","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-affairs-2020"],"_links":{"self":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/23690","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/users\/404"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/comments?post=23690"}],"version-history":[{"count":1,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/23690\/revisions"}],"predecessor-version":[{"id":23692,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/23690\/revisions\/23692"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media\/23691"}],"wp:attachment":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media?parent=23690"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/categories?post=23690"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/tags?post=23690"},{"taxonomy":"offerexpiration","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/offerexpiration?post=23690"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}