World Bank Sanctions $1.5 Billion Funding for Private Sector Employment Generation in India
The funding is directed under the 'Boosting Job Creation in the Private Sector Development Policy Financing (DPF) Operation'.
This DPF instrument provides crucial budget support to implement institutional reforms and accelerate economic policy changes.
Aspirants should note that this project aims to address structural labor market challenges by promoting private investments.
Key Facts / Static GK
World Bank President: Ajay Banga
Established: 1944 (Bretton Woods Conference)
Member Countries: 189
Practice Quiz — 24 June 2026
Q1. Under which specific developmental operation has the World Bank approved the $1.5 billion financing to boost private sector jobs in India?
Q2. Which is the first Indian Non-Banking Financial Company (NBFC) to utilize the RBI's subsidized hedging facility for its $300 million dollar bond issuance?
Q3. Consider the following statements regarding the Government's stake sale in IRFC: 1. The government plans to divest up to 2% stake through an Offer for Sale (OFS). 2. The sale includes a 1% base offer and a 1% Green Shoe Option. 3. IRFC is a Maharatna PSU under the Ministry of Railways. Which of the statements given above are correct?
Q4. Which Indian fintech startup recently obtained its first international payment service license in Canada to expand its cross-border services?
Q5. NHAI has partnered with which organization to set up India's first permanent research centre dedicated to transport and logistics economics?
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