The World Bank Board of Executive Directors has approved a $500 million program to support India’s large informal workforce and create greater flexibility for states to cope with the ongoing pandemic, future climate, and disaster shocks. Creating a Coordinated and Responsive Indian Social Protection System (CCRISP) builds on the $1.15 billion Accelerating India’s COVID-19 Social Protection Response…
The World Bank’s Board of Executive Directors today approved a $500 million program to support the Government of India’s nationwide initiative to revitalize the MSME sector, which has been heavily impacted by the COVID-19 crisis. The program targets improvements in the performance of 555,000 MSMEs and is expected to mobilize financing of $15.5 billion, as part of the…
J.P. Morgan, an American multinational investment bank and financial services, has announced to invest USD $25 million to help low- and middle-income communities in India to develop the skills needed by the country’s workforce in the future. The firm will support skills training and career education programs to equip people in India for careers in…