Consider the following statements: The objectives of the National Renewal Fund set up in February 1992 were:

Monjur Alahi

Consider the following statements:

The objectives of the National Renewal Fund set up in February 1992 were:

1. to give training and counselling for workers affected by retrenchment or VRS

2. redeployment of workers

Which of these statements is/are correct?

(a) Neither 1 nor 2 (b) Both 1 and 2 (c) 1 only (d) 2 only


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Salim Ahmed Kawsar

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(b) The Concept of the National renewal Fund was announced by the Government as a part of the New Industrial Policy, 1991. The Government formally established the National Renewal Fund (NRF) by a Government of India resolution on 3rd February , 1992. During the period 1992-93 to 1998-99, assistance from the NRF has been provided for implementation of voluntary retirement scheme in Central Public Sector Undertakings and counselling/redeployment scheme for workers rationalised from the organised sector.

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