The World Bank will provide a loan amount of US$ 125 Million for this country which includes local product development.

The World Bank will provide a loan amount of US$ 125 Million for this

1.	The World Bank will provide a loan amount of US$ 125 Million for this country which includes local product development.
Answer» A Loan Agreement for IBRD credit of US$ 125 (equivalent) for the "Innovate in India for Inclusiveness Project" was signed with the World Bank in New Delhi. The Objectives of the project is to nurture indigenous innovation, foster local product development and accelerate commercialization process by bridging critical skill and infrastructure gaps to promote affordable and innovative healthcare products generation for inclusive development and increasing competitiveness in India. The closing date of Innovate in India for Inclusiveness project is 30 June, 2023.