Which of the following funds was created in 2005 to channelise funds received from disinvestment proceeds of PSUs?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. National Investment Fund.
The National Investment Fund (NIF) was created in 2005 to channelize funds received from the disinvestment proceeds of Public Sector Undertakings (PSUs) in India. The fund was established to ensure that the proceeds from disinvestment were utilized effectively for social sector schemes, capital investment in PSUs, and other essential projects. The NIF aimed to maintain transparency in managing disinvestment proceeds and support the government's objectives of reducing the fiscal deficit while promoting social welfare and economic development.