World Bank approves $1 bn for India as social security fund for urban poor, migrants

World Bank approves $1 bn for India as social security fund for urban poor, migrants

The World Bank has approved US $1 billion for India as social security technology fund for country’s urban poor and migrant workers.

The focus will be to enable India to integrate all of its 400-plus social security schemes at a technology level, the bank said.

“The project will be crucial to rebalance social security towards urban poor, as much as rural,” said Junaid Ahmad, country director, World Bank.

“I think PMs ‘Atmanirbhar mission’ is very important in terms of directions and India is not making distinction between life and livelihoods in the aftermarh of Covid-19,” he added.

The World Bank said that this is the largest project after a similar package announced for health earlier.