Daily Current Affairs including Notes - 27 April
💥WORLD BANK LOAN FOR BIOPHARMA MISSION (SCHEMES) The Union Government has entered into agreement with World Bank for flexible financing arrangement to accelerate research towards early development for biopharmaceuticals under National Biopharma Mission. Under the agreement government has secured a loan of about Rs. 1,600 crore from the World Bank to develop new vaccines, medical devices and medicines and will be disbursed over five years under the Biopharma Mission. The agreement was signed between project implementing agency, Biotechnology Industry Research Assistance Council (BIRAC) and International Bank for Reconstruction and Development (IBRD) on behalf of World Bank. 👉About National Biopharma Mission The mission was launched by Ministry of Science & Technology in 2017 for five years with 50% funding through World Bank Loan, to make India hub for design and development of novel, affordable and effective biopharmaceutical products such as vaccines, biologics ...