Holi Offer - Use Code HOLI24

Register Now

ADB to offer $15 million to Suguna Foods Private Ltd

Published on September 15, 2020
Current Context: Asian Development Bank has entered with an agreement for debt financing for Suguna Foods Private Ltd.
ADB to offer $15 million to Suguna Foods Private Ltd 
  • The agreement of $15 miilion is signed between ADB and Suguna Foods Pvt LTD. 
  • The financial support will help to sustain poultry farming operations, efficiency in rural livelihoods and enhancing food security.
  • ADB's liquidity support to Suguna will lead to build inventory buffers and make timely payments to their contract farmers and suppliers.
  • Static Part: 
    • HQ of ADB: Mandaluyong, Philippines.
    • President of ADB: Masatsugu Asakawa

Question: 

Q.1 Which organisation has offered liquidity support for Suguna Foods Pvt LTD to sustain poultry farming operations?
a. New Development Bank
b. NABARD
c. Ancient Development Bank
d. World bank
ebook store

About us

ramandeep singh

Ramandeep Singh is a seasoned educator and banking exam expert at BankExamsToday. With a passion for simplifying complex concepts, he has been instrumental in helping numerous aspirants achieve their banking career goals. His expertise and dedication make him a trusted guide in the journey to banking success.

  • Follow me:
Close Menu
Close Menu