Correct option is B
Correct Answer: (b) Proceeds from disinvestment of Central Public Sector Undertakings
Explanation: The National Investment Fund (NIF) was established in 2005 to channelize the proceeds from the disinvestment of Central Public Sector Undertakings (CPSUs).
Key Facts (Exam-Oriented):
· The National Investment Fund (NIF) was set up in 2005.
· It mobilizes funds exclusively from the proceeds of disinvestment of CPSUs.
· The funds were initially used for social welfare schemes and modernization of CPSUs.
· Post-2013, the government decided to utilize the proceeds for funding social sector projects and reducing fiscal deficits.
· The management of NIF is overseen by public sector mutual funds.