In August 2024, the World Bank approved a $500 million loan for India's financial sector reforms. Consider the following statements:
1. The loan is aimed at enhancing credit access for Micro, Small, and Medium Enterprises (MSMEs).
2. The loan will support the development of India's digital financial infrastructure.
3. This is the largest financial sector loan approved by the World Bank for India in a decade.
Which of the above statements are true?
1
Only 1 and 2
2
Only 2 and 3
3
Only 1 and 3
4
All of the above
5
None of the above