GoI, World Bank ink 750 million US dollar agreement for MSME Emergency Response Programme

The Government and the World Bank have signed a 750 million US dollar agreement for the MSME Emergency Response Programme. It aims at  supporting  increased flow of finance to micro, small, and medium enterprises (MSMEs) which are severely impacted by the COVID-19 crisis. 

The World Bank’s MSME Emergency Response Programme will address the immediate liquidity and credit needs of some 1.5 million viable MSMEs to help them withstand the impact of the current shock and protect millions of jobs. The Ministry of Finance in a statement said, this is the first step among a broader set of reforms that are needed to propel the MSME sector over time.