Optimize IAS
  • Home
  • About Us
  • Free Initiatives
    • Daily Practice Sheets
    • Daily Prelims Notes
    • Prelims Power Play
    • Mains Factly
    • Sunday Essay Sadhna
    • Mains Master Notes
  • Courses
    • Mains 2023
      • Mains 2023 (Static)
      • Ethics Masterclass 2023
      • Essay Masterclass 2023
    • Integrated Guidance 2024
      • ARJUNA PRIME 2024
    • Prelims 2024
      • Laqshya 2024
    • Mains 2024
      • DPS Prime 2024 (Daily Answer Writing)
  • Downloads
    • Important Topics List for Prelims 2023
    • Daily Prelims Notes Compilation
    • Daily Practice Sheet Compilation
    • PPP Compilation
    • PSIR Notes
    • General Studies Notes
    • UPSC Mains Previous Year Papers
  • Portal Login
  • Home
  • About Us
  • Free Initiatives
    • Daily Practice Sheets
    • Daily Prelims Notes
    • Prelims Power Play
    • Mains Factly
    • Sunday Essay Sadhna
    • Mains Master Notes
  • Courses
    • Mains 2023
      • Mains 2023 (Static)
      • Ethics Masterclass 2023
      • Essay Masterclass 2023
    • Integrated Guidance 2024
      • ARJUNA PRIME 2024
    • Prelims 2024
      • Laqshya 2024
    • Mains 2024
      • DPS Prime 2024 (Daily Answer Writing)
  • Downloads
    • Important Topics List for Prelims 2023
    • Daily Prelims Notes Compilation
    • Daily Practice Sheet Compilation
    • PPP Compilation
    • PSIR Notes
    • General Studies Notes
    • UPSC Mains Previous Year Papers
  • Portal Login

Emergency Response Programme

  • July 7, 2020
  • Posted by: OptimizeIAS Team
  • Category: DPN Topics
1 Comment
Print Friendly, PDF & Email

Subject: IR/Economy

Context:

The World Bank and the Government of India  has signed the $750 million agreement for the MSME Emergency Response Programme.

Concept:

  • The World Bank’s MSME Emergency Response Programme will address theimmediate 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 World Bank Group, including its private sector arm – the International Finance Corporation (IFC), will support the government’s initiatives to protect the MSME sector by:
  1. Unlocking liquidity: This program will support government’s efforts to channel that liquidity to the MSME sector by de-risking lending from banks and Non-Banking Financial Companies (NBFCs) to MSMEs through a range of instruments, including credit guarantees.
  2. Strengthening NBFCs and SFBs: Improving the funding capacity of key market-oriented channels of credit, such as the NBFCs and Small Finance Bank (SFBs), will help them respond to the urgent and varied needs of the MSMEs. This will include supporting government’s refinance facility for NBFCs. In parallel, the IFC is also providing direct support to SFBs through loans and equity.
  3. Enabling financial innovations: The program will incentivize and mainstream the use of fintech and digital financial services in MSME lending and payments. Digital platforms will play an important role by enabling lenders, suppliers, and buyers to reach firms faster and at a lower cost, especially small enterprises who currently may not have access to the formal channels.
economy Emergency Response Programme IR

Comments are closed.

Print Friendly, PDF & Email
Loading

Recent Posts

  • Why is China digging a 10-km-deep hole into Earth’s crust? June 2, 2023
  • CBDT removes Fair Market Value (FMV) hurdle to Disinvestment June 2, 2023
  • NPAs linked to trade credit crisis June 2, 2023
  • IRDAI: Bima Sugam, Bima Vahaks and Bima Vistaar June 2, 2023
  • Mural of Akhand Bharat in Parliament stirs up row in Nepal June 2, 2023
  • Suspension of Operations (So0) Agreement June 2, 2023
  • NCERT in ‘rationalisation’ move drops periodic table chapter from Class X book June 2, 2023
  • U.S. and Taiwan ink trade deal as China issues warning June 2, 2023
  • Africa mulls legal options on ICC warrant against Putin June 2, 2023
  • Law Commission on Sedition June 2, 2023

About

If IAS is your destination, begin your journey with Optimize IAS.

Hi There, I am Santosh I have the unique distinction of clearing all 6 UPSC CSE Prelims with huge margins.

I mastered the art of clearing UPSC CSE Prelims and in the process devised an unbeatable strategy to ace Prelims which many students struggle to do.

Free Initiatives

  • Daily Practice Sheets
  • Daily Prelims Notes
  • Mains Factly
  • Prelims Power Play
  • Sunday Essay Sadhna

My Proven Strategy

  • Interview Strategy
  • Mains Strategy
  • Motivational
  • Prelims Strategy

Contact us

moc.saiezimitpo@tcatnoc

For More Details

Work with Us

Connect With Me

Santosh Pandey Quora Santosh Sir Telegram Santosh Sir Youtube Optimize IAS Instagram

Course Portal
Search