Japan's International Cooperation Agency (Zika) has signed an agreement with India to provide official development assistance (ODA) of 30 billion Japanese yen (about Rs 2,069 crore). This loan assistance is being provided to India as a response support loan for social protection in the Kovid-19 crisis.
Provision up to 50 billion yen total
Zika gave this information in a statement. Japan's Ambassador to India Suzuki Satoshi and CS Mohapatra, Additional Secretary in the Department of Economic Affairs in the Ministry of Finance, exchanged documents in this regard. This is done under the provision of Yen debt as part of measures to be taken to deal with Kovid-19. It has a provision of up to 50 billion yen in total.
Will be helpful in Prime Minister's poor welfare scheme
Zika India principal representative Katsuo Matsumoto said that the purpose of this project is to help the government in its efforts under the Prime Minister's Garib Kalyan Yojana (PMGKY). The plan empowers deprived groups of society whose lives have been severely affected due to the epidemic.
In addition to this project, Zika has also provided ODA loans for Kovid-19 Crisis Response Emergency support to strengthen the public health system in India. The project is run under the Prime Minister's Self-Reliant Healthy India Scheme.
First skilled workers participation agreement approved
Earlier on 6 January, the Union Cabinet approved the signing of a Memorandum of Understanding (MOC) between India and Japan on the participation of 'designated skilled workers'. According to the official statement, the proposal to this effect was approved in the meeting of the Union Cabinet chaired by Prime Minister Narendra Modi.
The institutional mechanism will be established between India and Japan
This Memorandum of Understanding is in relation to laying the basic framework of participation for the proper operation of the system in relation to the scheduled skilled workers. The statement said that under this cooperation memorandum, an institutional mechanism for cooperation and cooperation between India and Japan would be established. Under this, such skilled Indian workers will be sent to work in 14 specified areas in Japan, who have passed the Japanese language examination along with obtaining the mandatory skills qualification. It states that these Indian workers will be given a new social status ('designated skilled worker') by the Government of Japan.