The World Bank’s Board of Executive Directors has approved a USD 500 million programs to support India’s nationwide initiative to revitalise the MSME sector, which has been heavily impacted by the COVID-19 crisis. The MSME sector is the backbone of India’s economy, contributing 30% of India’s GDP and 4% of exports.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
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, the first being the USD 750 million MSME Emergency Response Program, approved in July 2020 to address the immediate liquidity and credit needs of millions of viable MSMEs severely impacted by the ongoing COVID-19 pandemic.
Honorable Prime Minister Narendra Modi has been conferred Oman’s highest national honour which is The…
A historic moment for India’s armed forces 23 year old Sai Jadhav has become the…
India and Saudi Arabia have taken another significant step to deepen their growing strategic relationship…
India’s ride hailing market is set to witness a significant shift with the upcoming rollout…
Significant boost to India’s defense logistics and operational readiness, the Indian Army has successfully inducted…
India’s labour market continued to show signs of strengthening in November 2025, with key employment…