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Government planning NBFC to fund food processing projects

Government planning NBFC to fund food processing projects

Monday, June 4, 2018, 8:50 PM

The Centre is planning to create a new financial institution which will exclusively fund food processing projects, minister of food processing industries Harsimrat Kaur Badal said on Monday. According to senior ministry officials, the government is initially planning a single non-banking financial company (NBFC) with 20% government equity investment amounting to Rs 400 crore.
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