Economics · Economic Policies and Funds

What was the main purpose of establishing the National Renewal Fund (NRF) in India?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1To compensate victims of major natural disasters.
2To provide a safety net and assistance for retraining and redeployment of labor affected by industrial restructuring.✓
3To assist the government in seamless external commercial borrowings.
4To attract foreign direct investment in the infrastructure sector.

Correct answer

To provide a safety net and assistance for retraining and redeployment of labor affected by industrial restructuring.

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