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.
As US Secretary of State Marco Rubio on his official visit to India he held…
India's Gurindervir Singh became the fastest ever Indian sprinter as he clocked an incredible 10.09…
On 25th May world observes the World Thyroid Day to raise the awareness about the…
On 25th May, India remembers courageous revolutionary freedom fighter Rash Behari Bose on his birth…
As the hype around the 2026 FIFA World Cup is growing day by day and…
Countdown for the most exciting sports tournament in the world has officially begun. Fans across…