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Which global institution is to provide USD 1000 mn loan to India, to support MGNREG Scheme?
A)
IMF
B)
ADB
C)
AIIB
D)
NDB

Correct Answer : Option (D) - NDB


The Government of India and New Development Bank today signed a loan agreement for USD 1000 million. The loan aims to provide support to Aatma Nirbhar Bharat Abhiyan through MGNREG Scheme. This is expected to facilitate economic activity and employment generation to stimulate rural demand, which will in turn help the recovery of economy, hit by Covid-19.

Published On : July 20, 2021
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