Business Other News 14 Sep 2021 FM: DFI to be operat ...

FM: DFI to be operational soon

DECCAN CHRONICLE. | SANGEETHA G
Published Sep 14, 2021, 8:10 am IST
Updated Sep 14, 2021, 8:29 am IST
The budget had allocated Rs 20,000 crore to capitalise the Development Finance Institution
She said that that liquidity is no longer a major concern for the economy. The Bank-NBFC-MFI channel has been de-clogged and from October 15 there would be a special drive to provide credit to those who need it. — PTI
 She said that that liquidity is no longer a major concern for the economy. The Bank-NBFC-MFI channel has been de-clogged and from October 15 there would be a special drive to provide credit to those who need it. — PTI

Chennai: The Development Finance Institution announced in the budget would be operational soon, said finance minister Nirmala Sitharaman. She also said the liquidity is no longer a major concern for the economy.

Addressing the CII members in Chennai, Sitharaman said that DFI, which will finance long-term infrastructure projects, will soon be functional. The budget had allocated Rs 20,000 crore to capitalise the institution. DFI is expected to create a lending portfolio of at least Rs 5 lakh crore in about three years. It will be based in Mumbai, with regional offices in different cities.

 

Further, she said that that liquidity is no longer a major concern for the economy. The Bank-NBFC-MFI channel has been de-clogged and from October 15 there would be a special drive to provide credit to those who need it. The surplus liquidity in the banking system has reached Rs 6 lakh crore. She also said the government’s disinvestment plan was on track.

...




ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
-->