Business »  Topic »  World Bank approves $750 millon loan for India small businesses hit by pandemic

World Bank approves $750 millon loan for India small businesses hit by pandemic


  • World Bank offered loans worth $2.75 billion to India in last 3 months, about 50% of annual lending to the country
  • World Bank annual lending to India at $5.13 billion, highest in a decade

"The MSME sector is central to India’s growth and job creation and will be key to the pace of India’s economic recovery, post COVID-19," Junaid Ahmad, World Bank's director for India, told reporters at a virtual conference.

The loan from the International Bank for Reconstruction and Development (IBRD), private arm of the World Bank, will have a maturity of 19 years ...


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