What amount of financial aid has been extended by the New Development Bank NDB to India to support t...........

What amount of financial aid has been extended by the New Development Bank (NDB) to India to support the Government in mitigating the adverse economic impact of COVID-19 pandemic and enable economic recovery ?

$500 million

$1000 million

$1200 million

$1500 million

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Explanation:

The Government of India and the New Development Bank (NDB) have signed a loan agreement worth $1,000 million for ‘supporting India’s economic recovery from COVID-19’.
Under the agreement, Shanghai-based NDB will lend financial support for expenditures on rural infrastructure related to natural resource management (NRM) works, which will facilitate economic activity and rural employment generation under Government of India’s Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) to stimulate rural demand, to combat the decline in economic activity .