Refinance Scheme |
Under the first stimulus package announced by the Government of India, IIFCL was authorized to raise RS. 10,000 Crore through tax free bonds for refinancing banks lending for longer maturity to infrastructure Projects. Out of Rs. 10,000 crores raised, Rs. 3,000 Crores have been deployed by IIFCL as per approval of the Government:-
(i) Refinance to PFC and REC Rs. 1,500 Crores
(ii) Funds used by IIFCL for development
of Infrastructure Projects Rs.1,500 Crores
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