<h1>India Secures $1 Billion Loan from NDB to Boost Rural Employment and Economic Recovery Post-COVID-19 via MGNREGS.</h1> The Government of India and the New Development Bank (NDB) signed a $1,000 million loan agreement to support India's economic recovery from COVID-19 through the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS). This initiative aims to boost rural economic activity and employment, particularly for migrant workers affected by the pandemic. The program focuses on creating durable rural infrastructure and natural resource management to stimulate demand and mitigate the economic impact of COVID-19. The loan has a 30-year term with a 5-year grace period, aligning with NDB's fast-track emergency response policy.