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Yes Bank Signs MoU With Govt. for Rs. 1,000 Cr. Financing
November 06, 2017
To finance its various food processing projects, private sector Yes Bank has signed a memorandum of understanding (MoU) with the government under which it will be provided a sum of Rs. 1,000 crores.
The capital will be used for funding about 100 food processing projects, each having an average ticket size of Rs. 10 crores. These cover areas like cold chain development of new processing units, expanding the existing units in various locations, etc.
