SBI inks MoU with Ministry of Culture for Development of Atmanirbhar Bharat Centre for Design (ABCD) at Red Fort

The State Bank of India (SBI) has signed a tripartite Memorandum of Understanding (MoU) with the Indira Gandhi Centre for the Arts (IGNCA) and National Culture Fund (NCF) of the Ministry of Culture, for Development of Atmanirbhar Bharat Centre for Design (ABCD) at L1 Barrack, Red Fort, in Delhi.
The main objective of Project ABCD is to highlight, promote and celebrate the products that have the Geographical Indication sign to give a boost to Economic Value Addition to GI products from India.
The ABCD project will be implemented by IGNCA, an autonomous organization under Ministry of Culture through ministry’s NCF fund.
SBI will sponsor the project under CSR with a contribution of Rs. 10 crore for the implementation of ABCD Project..

Points to Remember:

Which ministry is setting up the Atmanirbhar Bharat Centre for Design (ABCD)? Ministry of Culture
Atmanirbhar Bharat Centre for Design (ABCD)is being set up at which place? Red Fort/Delhi
Which bank has inked MoU with the govt to set up Atmanirbhar Bharat Centre for Design (ABCD)? SBI
How much amount will be granted by SBI under the project? Rs 10 cr

Source: PIB