Economics · Indian Economy

What was the primary objective of establishing the National Renewal Fund (NRF) in India?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1To provide safety nets and rehabilitation for workers displaced by industrial modernization✓
2To promote the establishment of new small-scale industrial units
3To provide financial assistance for the technological upgrading of industries
4To fund the renovation and modernization of mines

Correct answer

To provide safety nets and rehabilitation for workers displaced by industrial modernization

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