i think it was approved in the year 1947
Woodrow Wilson.
June 5, 1947
A Soviet-backed uprising put communists in control of Czechoslovakia. Alarmed by the Soviet aggression Congress approved the Marshall Plan.
The Marshall Plan was, indeed a loan. No, the Marshall plan was not a loan. It was aid. There were loans made but they were not part of the Marshall Plan itself.
who did not accept the marshall plan
The Marshal Plan was instituted on July 12, 1947.
Marshall Plan
Marshall- JS
The Time Magazine Person of the Year in 1947 was US Secretary of State George Marshall. He was chosen for his role in creating the Marshall Plan, which helped rebuild Europe after World War II.
George C. Marshall
The Marshall Plan, officially known as the European Recovery Program, began in 1948. It was initiated to aid Western European countries in rebuilding their economies after the devastation of World War II. The plan was named after U.S. Secretary of State George C. Marshall, who proposed it in a speech at Harvard University in June 1947.
I have attached a link that explains the Marshall Plan well. See the link below.