Monday, 10 November 2014

India Sets Up Rs 2,000 Cr Corpus Fund for Nabard

Indian Government has set up a Rs. 2,000-crore corpus for Nabard to help lend to food processing units at a “lower interest rate”.

According to Harsimrat Kaur Badal, Union Minister for Food Processing Industries, loans would be provided to units located both inside and outside mega-food parks.

“Initially, the idea was to facilitate loans for units inside the mega-food parks. But then it was extended to include all units – both inside and outside the food parks,” she told reporters on the sidelines of a food processing seminar organised by the Bharat Chamber of Commerce (BCC).

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