June 7, 2021 | Investopaper
World Bank will provide US $ 500 million to India. The bank’s executive committee has decided to provide the money to India to help small and medium enterprises affected by the coronavirus epidemic.
Statistics show that small and medium enterprises in India have been badly affected by the coronavirus epidemic. The amount provided by the World Bank will be mobilized for the revival and promotion of small and medium enterprises in India.
The Indian government will also invest heavily in the project and World Bank funds will be added to it, bank officials said.
According to the World Bank’s policy of assisting small and medium enterprises affected by the crisis around the world, such assistance has also been extended to other countries.