Q9 · UPPSC current affairs · 15 October 2026 · News · World Bank $36 billion mobilization MSME funding India

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Consider the following statements regarding the World Bank Group's recent funding initiatives in India:1.The World Bank Group reported a cumulative mobilization of $36 billion for development projects and job creation in India over four years.2.The private capital mobilization mechanism primarily targets credit enhancement for MSMEs.Which of the statements given above is/are correct?

A Neither 1 nor 2
B Both 1 and 2
C 1 only
D 2 only

Correct answer: (b) Both 1 and 2

Explanation

Both statements are directly supported by the notes. The World Bank Group achieved a cumulative mobilization of $36 billion over four years, and its private capital mobilization mechanism specifically targets credit enhancement for micro, small, and medium enterprises (MSMEs).

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