Question: Recently the Union Government has appointed NABSanrakshan Trustee Pvt Ltd (NTPL) as a trustee for how munch amount of Credit Guarantee Fund?
a) Rs 650 crore
b) Rs 800 crore
c) Rs 850 crore
d) Rs 750 crore
Answer: (d)
Related Facts:-
- On 19 March 2021; NABSanrakshan Trustee Pvt Ltd (NTPL) has been appointed by the government as a trustee for Rs 750 crore Credit Guarantee Fund.
- This Credit Guarantee Fund has been created under Animal Husbandry Infrastructure Development Fund (AHIDF).
- It should be known that NABSanrakshan Trustee Pvt Ltd (NTPL) is wholly owned subsidiary of National Bank for agriculture and Rural Development.
- The government has set up AHIDF with a corpus of Rs 15,000 crore as part of the Aatmanirbhar package.
- This fund was created by the government to promote investment by the private players and MSMEs in dairy, meat processing and animal feed plants.
- The Credit Guarantee Fund will provide credit guarantees to eligible entities assisted under AHIDF.
- The fund shall be operationalised under a trust – Credit Guarantee Fund Trust for Animal Husbandry and Dairying (CGFTAHD).
By – Rajesh Tripathi