World Bank Group Mobilises $36 Billion Private Capital in India Over Four Years, Including $9.6 Billion for MSMEs

Key facts

• The World Bank Group has helped mobilise $36 billion in private capital for development in India over the past four years, including $9.6 billion for Micro, Small and Medium Enterprises (MSMEs).
• Private capital mobilisation by the Group rose nearly five-fold to $14.5 billion in fiscal 2026 from about $3 billion in fiscal 2022, per Manuel Reyes-Retana, IFC's division director for South Asia.
• Guarantees from the International Finance Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA) help reduce investment risks and attract private funding.
• Under the $436 million Raising and Accelerating MSME Performance (RAMP) programme, the World Bank supported reforms to the Trade Receivables Discounting System (TReDS), a digital platform allowing businesses to raise funds against unpaid invoices.
• The TReDS initiative has helped over 250,000 MSMEs gain faster access to capital, with 30 non-banking financial companies joining the platform.
• Credit guarantees for women-owned businesses rose to 18 per cent from 14 per cent over two years, mobilising more than $1 billion.
• India's first Green MSME Guarantee Fund has benefited more than 4,000 MSMEs and supported $40 million in investments in green and circular-economy activities.
• Under its Country Partnership Framework for fiscal 2026-31, the World Bank Group is focusing on inclusive and sustainable growth in support of India's Viksit Bharat vision for 2047.