National Renewal Fund (NRF) was instituted for the purpose of
Options:
A . Social security
B . Rural reconstruction
C . Providing pension for retiring employees.
D . Restructuring and modernisation of industries.
Answer: Option A Answer: (a) The PV Narasimha Rao government established the National Renewal Fund (NRF) in February 1992 to provide a social safety net to the workers who were likely to be affected by technological up-gradation and modernisation in the Indian industry. NRF was intended to provide funds for employment generation schemes in the organised and unorganised sectors in order to provide a social safety net for labour.
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