Raising and Accelerating MSME Productivity (WB-P172226)

Countries
  • India
Where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Dec 18, 2020
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Government of India
The holder of the loan, grant, or other investment.
Sectors
  • Infrastructure
  • Law and Government
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 500.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 1,000.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ WB website

Updated in EWS Mar 5, 2020

Disclosed by Bank Feb 7, 2020


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Project Description

According to the bank documents, "The Government of India announced a package of twelve initiatives to facilitate MSME growth in November 2018 and the MoMSME has brought its support and outreach program for MSMEs under the banner of “Udyam Jyoti”. The objective of “Udyam Jyoti: From Livelihood to Market” is to streamline support to the MSME ecosystem by facilitating synergies and convergence across departments and schemes currently implemented by Central and State Governments around 7 thematic areas...

The proposed PforR operation will support a part of the overall government program –with particular attention to the Government’s thematic areas of “Policy and Governance”, “Access” (markets, technology and common infrastructure and finance) and “Knowledge Dissemination”. This support will be designed across the following two Results Areas (RAs) over a five-year period through a partnership with the MoMSME, deployment of market-based solutions and a focus on firm productivity improvements.I.Strengthening Institutions and Governance of the MSME ProgramII.Support to Market Access, Firm Capabilities and Access to Finance"

Investment Description
  • World Bank (WB)
Contact Information

World Bank
Peter J. Mousley, Lead Private Sector Specialist
Team Leader(ADM Responsible)
Telephone No :5770+3351
Email :pmousley@worldbank.org

Implementing Agency
Ministry of Micro, Small and Medium Enterprises
Mr. Arun Kumar Panda, Secretary
Telephone No :23062107
Email :secretary-msme@nic.in

ACCOUNTABILITY MECHANISM OF WORLD BANK

The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx.