Transport Ministry has sought RBI's nod for 30-yr funding of infra projects
Transport Ministry has sought RBI's nod for 30-yr funding of infra projects The Reserve Bank Governor gave a clear direction that we don’t have any problem if banks are ready to finance for 30 years for infrastructure projects. Current Affairs :The Road Transport and Highways Ministry has looked for a heading from the RBI to allow Indian banks to fund framework ventures for a long time, rather than the prior 20 years, association serve Nitin Gadkari said here on Tuesday. He said he had met the RBI Governor in New Delhi, looking for a bearing in such manner. The Reserve Bank Governor provided a reasonable guidance that we don’t have any issue if banks are prepared to fund for a long time for framework ventures. Prior, the banks used to fund just for a long time,” Gadkari said at the debut sessin of the tenth version of Excon-2019, a five-day International Construction Equipment and Construction Technology Trade Fair here. Since getting bank ensure was an issue ...