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Home › Bihar Board Class 12 (Commerce) › Business Studies › Private, Public and Global Enterprises › What was the National Renewal Fund set up to do?

What was the National Renewal Fund set up to do?

ABuild new steel plants
BRetrain retrenched workers
CFinance private mergers
DRepay foreign debt
Answer & Solution
Correct answer: B. Retrain retrenched workers
It provided a safety net: retraining or redeployment and compensation for voluntary retirement.
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