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

Daily Current Affairs Quiz 10 June 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.

Gkseries: Gkseries.com is a premier website to provide complete solution for online preparation of different competitive exams like UPSC, SBI PO, SBI clerical, PCS, IPS, IAS, IBPS PO, IBPS Clerical exam etc. & other graduate and post-graduate exams. Learn more on about us page