Private sector lender Yes Bank signed an agreement with the government to provide Rs 1,000 crore financing for food processing projects. The funding will be provided to around 100 food processing projects with an average ticket size of Rs 10 crore each.
The Focus will be on projects across backend infrastructure, cold chain creation of new processing units, expansion of existing units, forward linkages and food processing clusters in various locations in India, amongst others.
Important Takeaways from the above News:
- Yes Bank Headquarters in Mumbai.
- CEO of Yes Bank is Rana Kapoor.
Source- The Hindu Business Line