Question : FOOD DEVELOPMENT BANK



(a) whether there is any proposal to set up Food Development Bank; and

(b) if so, the details thereof?

Answer given by the minister

THE MINISTER OF STATE OF THE MINISTRY OF FOOD PROCESSING INDUSTRIES (SHRI SUBODH KANT SAHAI)

(a) & (b): Government has not proposed for setting up of the Food Development Bank. However, in the Budget 2006-07, the Government have announced that NABARD will create a separate window with a corpus of Rs. 1,000 crore for refinancing loans especially for agro-processing infrastructure and market development.