World Bank, Indian Govt Sign $750 Million Agreement for Emergency Response Programme for MSMEs

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New Delhi: The World Bank and the Government of India today signed the $750 million agreement for the MSME Emergency Response Programme to support increased flow of finance into the hands of micro, small, and medium enterprises (MSMEs), 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.

This is the first step among a broader set of reforms that are needed to propel the MSME sector over time, an official release said.

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