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).
“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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