How much amount is set up as the first 'loss risk-sharing instrument' by NITI Aayog and the World Bank?

• A. $30 Million
• B. $3 Million
• C. $300 Million
• D. $33 Million

Answer: (C)

The two entities are setting up a $300-million 'first loss risk-sharing instrument', with the State Bank of India (SBI) as its programme manager.