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MoU Signed Among SBI, IGNCA and NCF

Published on February 04, 2022
Current Context: The tripartite MoU was signed among the State Bank of India (SBI), Indira Gandhi Centre for the Arts (IGNCA), and the National Culture Fund (NCF).
MoU Signed Among SBI, IGNCA and NCF
  • The MoU was signed for the Development of Atmanirbhar Bharat Centre for Design (ABCD) at L1 Barrack, Red Fort, in Delhi.
  • The Project ABCD aims to promote and celebrate the products which have GI (Geographical Indication) signs.
  • This will help to enhance and boost Economic Value Addition to the GI signed products.
  • The project is implemented by IGNCA through the NCF Fund.
  • The SBI will sponsor the project as a CSR model.
  • The SBI will grant Rs. 10 crores for the implementation of the project.

Question: 

Q.1 With which bank has Indira Gandhi Centre for the Arts (IGNCA) and National Culture Fund (NCF) signed MoU for Development of Atmanirbhar Bharat Centre for Design (ABCD) at L1 Barrack, Red Fort, in Delhi?
a. ICICI Bank
b. State Bank of India
c. Axis Bank
d. Bank of Baroda
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