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World Bank: World Bank is promoting India’s healthcare sector, gave a loan of $ 1.75 billion

World Bank: The World Bank has approved a total loan of US $ 1.75 billion (about Rs 13,834.54 crore) to promote the Pradhan Mantri Ayushman Bharat Scheme and private investment. Of this loan, one billion dollars will be given for the health sector, while the remaining $ 750 million will be given to promote private sector investment in the economy. This will be in the form of Credit Development Policy Loan (CDPL).

Will give boost to healthcare sector
The World Bank’s Board of Executive Directors approved two complementary loans of $500 million each to enhance support to India’s healthcare sector.

Will support PM-ABHIM
The World Bank said that through this joint financing of one billion dollars, the World Bank will support India’s Prime Minister Ayushman Bharat Health Infrastructure Mission (PM-ABHIM). This scheme was started in October 2021.

Where will the funds be used?
The amount will be used to improve public healthcare infrastructure across the country. The agency said that under one loan, priority would be given to seven states namely Andhra Pradesh, Kerala, Meghalaya, Odisha, Punjab, Tamil Nadu and Uttar Pradesh.

Loan policy approved
The Board of the World Bank approved the Development Policy Loan to promote private investment in infrastructure, small businesses and green finance markets.

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