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Centre Approves Raising And Accelerating MSME Performance By World Bank

Pooja YadavApril 1, 20220

The Union Cabinet has approved the “Raising and Accelerating MSME Performance” (RAMP) programme that's also supported by the World Bank and can cost Rs 6,062.45 crore. The newly launched RAMP scheme would commence within the fiscal year 2022-23. The recommendation was made by K V Kamath Committee, U K Sinha Committee and Economic Advisory Council to the Prime Minister (PMEAC). The total financial outlay for the RAMP scheme is Rs.6,062.45 crore (USD 808 Million). United Nations agency is providing a loan of Rs.3750 crore (USD 500 Million) for this programme and therefore the remaining Rs.2312.45 crore (USD 308 Million) is being funded by the Central government. This scheme is looking to support various COVID-19 related Recovery and Resilience Interventions of the Ministry of ...

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Government Approves Rs 6062 Crore For RAMP, Loan Of Rs 3750 Crore Will Be Taken From World Bank!

Aditi priya singhMarch 30, 20220

The Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday approved USD 808 million or Rs 6,062.45 crore for the World Bank-assisted “Rising and Accelerating MSME Performance” (RAMP) programme. RAMP is a new scheme and will start in FY 2022-23. The plan is to invest a total of Rs 6,062.45 crore or USD 808 million, of which Rs 3750 crore or USD 500 million will be loaned from the World Bank, and the rest Rs 2312.45 crore or USD 308 million will be funded by the Government of India. RAMP is a World Bank-assisted central sector scheme. Its purpose is to improve and speed up the performance of MSMEs affected by Corona. In this work, it will strengthen the efforts of the Ministry of Micro, Small and Medium Enterprises (MoMSME). It aims to improve access to markets and ...

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World’s First Wildlife Bond Issued To Conserve South Africa’s Black Rhinos

Pooja YadavMarch 28, 20220

The world’s first wildlife bond has been issued by the planet bank, raising USD 150 million that may partly be used for the conservation of South Africa’s black rhinos The Wildlife Conservation Bond is the world’s first-of-its-kind financial instrument that's outcome-based and can be channelling investments to conserve black rhino populations. International Bank for Reconstruction and Development of the globe Bank has announced that the returns paid by the five-year bond are determined by the speed of growth of animals in two reserves of the Republic of South Africa, the nice Fish River Nature Reserve and also the Addo Elephant parkland. If this program becomes successful it may well be expanded for the protection of black rhinos in Kenya together with other wildlife species l...

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Shutting Down Schools In Pandemic Is Not A Scientific Approach: World Bank’s Global Education Director

Sonia SolankiJanuary 17, 20220

We all have been a part of this debate that whether physical classes in schools should continue or not during the ongoing pandemic. The Global Education Director of the World Bank Jaime Saavedra said there is no evidence to prove that the reopening of schools causes a hike in corona cases. Saavedra and his team have been tracking and studying the impact of the pandemic on the education sector. He also said during this pandemic, the narrative which shows schools are not a safe place is a hoax. He said in the perspective of public policy to keep schools closed is not a scientific approach. "There is no relation between opening schools and spread of coronavirus. There is no evidence linking the two and there is no justification now to keep the schools closed. Even if there are new wa...