The National Bank for Agriculture and Rural Development (NABARD) has announced the creation of an Rs. 1,000 crore Credit Guarantee Fund Trust for FPOs (CGFTFPO).
This is a dedicated fund for providing credit guarantees to FPOs.
The fund has been launched under the trusteeship of NABSanrakshan Trustee Pvt Ltd.
NABSanrakshan Trustee Pvt Ltd is a wholly-owned subsidiary of NABARD.