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HomeBusinessIndia gets $1.75 billion World Bank loan for health, private investment

India gets $1.75 billion World Bank loan for health, private investment

The World Bank has approved loans totalling USD 1.75 billion (about Rs 13,834.54 crore) to fund India’s PM Ayushman Bharat scheme and private investment to boost the economic growth.

Of the total loan, USD 1 billion will go towards the health sector, while the rest USD 750 million will be in the form of development policy loan (DPL) to fill the financing gaps through private sector investment in the economy.

The World Bank Board of Executive Directors approved two complementary loans of USD 500 million each to support and enhance India’s health sector.

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