World Bank to give $750 million funding support to MSMEs

Описание: The World bank said in a statement that the “World Bank’s board of executive directors has approved a $750 million MSME Emergency Response program to support increased flow of finance into the hands of MSMEs, severely impacted by the Covid-19 crisis.
The World Bank funding would support the government’s initiative to protect the micro, small and medium enterprises (MSME) sector. Approximately 15 crore MSMEs will receive this support to increase liquidity access for viable small businesses impacted by Covid-19.
The World Bank has extended $5.13 billion loans to India in the 2020 fiscal which is the highest in the decade. The World Bank Country director in India Junaid Ahmad said this funding is under the multilateral lender’s Development Policy Law, which is a direct budget support.
The funding would support the government’s initiative to protect the micro, small and medium enterprises (MSME) sector by unlocking liquidity, strengthening non-banking financial companies and small finance banks and enable inclusive access to financing.
#WorldBank #MSMEEmergencyResponseprogram #SaveMSMEs
HyBiz Tv is India’s most watched Digital Business Channel with over One Million regular viewers. In the 10 years of its existence, HyBiz Tv has provided a platform for business houses to promote, project and propagate their products and services. Corporate videos, promotional videos, interviews, ad- films, events coverage, current relevant news, meaningful discussions on contemporary subjects have given the audience relevant content which has helped in the rapid growth of the viewership. Clients from both the Telugu states and across the country have reaped rich dividends by engaging HyBiz Tv and now this has spread all over the country..
► Watch More Business Videos at India's Leading online business channel http://www.hybiz.tv
► like us on Facebook:   / hybiz  
► Watch More Videos on    / hybiztv  
► Subscribe to HYBIZTV Channel: goo.gl/EEXqfu
►Follow us on Twitter   / hybiztv