NABARD gets special INR 2000 crore fund for financing Food Park entrepreneurs

Q.  In which body, under the budget of 2014-15, a special fund of Rs. 2,000 crore has been created in for providing affordable credit to entrepreneurs for setting up of food processing units in designated Food Parks?
- Published on 27 Feb 15

a. NABARD
b. IRDA
c. EPFO
d. FIU-IND

ANSWER: NABARD
 
Loan is extended by NABARD from the Fund to various categories of promoters in food processing sector, such as Individual entrepreneurs, State Governments, State Government Agencies, cooperatives, Farmers Producer Organizations (FPOs), corporate, companies etc.

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