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Coming, an exclusive funding institution - The Hindu BusinessLine

Coming, an exclusive funding institution February 01, 2021 × New Development Financial Institution to come up, with lending portfolio of ₹5-lakh crore in three years Heeding to the calls for a Development Financial Institution (DFI), Finance Minister Nirmala Sitharaman announced the setting up of one to act as a provider, enabler and catalyst for infrastructure financing. The DFI will be capitalised with a funding of ₹20,000 crore, and is expected to have a lending portfolio of ₹5-lakh c...
Nirmala Sitharaman Sameer Bhatia Sunil Kanoria Industrial Development Bank Development Financial Institution Industrial Finance Corporation Of India

P Manoj - The Hindu BusinessLine

It hopes to revive the economy and create jobs The Centre has embarked on a slew of infrastructure projects as part of its plan to kick-start spending for economic revival and creating more jobs. This includes the highest ever capital allocation for the Ministry of Road Transport and Highways at ₹1,08,230 crore for FY22, a new scheme at a cost of ₹18,000 crore to support augmentation of urban public bus transport services, new technologies for metro systems and projects worth more than �...
Tamil Nadu Sameer Bhatia Kochi Metro Nashik Metro Vikram Hosangady Road Transport

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