US to extend $1.9 mn in aid to India’s blighted informal sector and MSME

In a bid to support the livelihood of India’s unorganised sector workers, disrupted gravely by pandemic, US Agency for International Development (USAID) has committed to extend the financial assistance of $1.9 mn to the people engaged in micro and small business.

Hailing the gesture of USAID, US Ambassador to India Kenneth I Juster said, “Financial aid is extended generously by the American people to partners in India, will support the efforts to improve the livelihoods of Indian workers who are vulnerable and less fortunate, thereby increasing the economic challenges these groups face.”

According to US embassy, “Funds from USAID will support Revive alliance, founded by the Samhita-Collective Good Foundation and co-funded by the Michael and Susan Dell Foundation, Omidyar Network India, and the Ford Foundation to address challenges caused by unemployment and income gaps faced by workers in the informal economy.”

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With the preference given to youth and women, the facility is expected to benefit around 60,000-100,000 workers from various enterprises.