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Yes Bank has signed an agreement with the government to provide Rs.1,000 crore financing to food processing projects.
As per the bank, funds will be given at an average ticket size of Rs.10 crore each to approx 100 food processing projects.
Rana Kapoor, Yes Bank Managing Director and CEO stated, “India’s food Processing industry is a vital economic growth driver and is playing a key role in doubling farmer’s value added income and ensuring food security.”
