Which Bank approved $500 mn program to help boost India’s MSME sector?

June 10, 2021

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.