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NABARD to give loans to food processing sector at 7.5 to 9.25 per cent
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Ashwani Maindola, New Delhi
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To operationalise the fund of Rs 2,000 crore, which was earmarked by the finance ministry in this year’s budget, the National Bank for Agriculture and Rural Development (NABARD) would disburse the same as loans with interest rates ranging between 7.5 and 9.25 per cent to food processing industries to set up food units in the designated food parks. This was stated by a source in the bank.
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