World Bank approves $500 million programme for Indian MSMEs

Good morning! Indian MSMEs contribute about 30 percent to the country's GDP and 40 percent to exports. However, the sector has been hit hard by the pandemic and the ensuing lockdowns. In a bid to uplift and revitalise the sector, the World Bank's Board of Executive Directors has approved a $500 million programme, named Raising and Accelerating Micro, Small and…
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