Which Bank approved $500 mn program to help boost India’s MSME sector?
A. RBI
B. ICICI Bank
C. World Bank
D. New Development Bank
Explanation:
The World Bank recently approved a USD 500 million program to support India’s nationwide initiative to revitalise the MSME sector, which has been heavily impacted by the COVID-19 crisis. The USD 500 million Raising and Accelerating Micro, Small and Medium Enterprise (MSME) Performance (RAMP) Program is the World Bank’s second intervention in this sector.
