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National Renewal Fund (NRF) was instituted for the purpose of
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- Rural reconstruction
- Social security
- Providing pension for retiring employees.
- Restructuring and modernisation of industries.
- Rural reconstruction
Correct Option: B
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.
