Banks can avail of Rs 10,000 crore in next 6-7 months: IIFCL
India Infrastructure Finance Company (IIFCL) today said the banks may avail of this facility in the next seven months.
By PTI |
NEW DELHI: India Infrastructure Finance Company (IIFCL), which raised Rs 10,000 crore in the last fiscal for refinancing banks for infrastructure lending, today said the banks may avail of this facility in the next seven months.
"Hopefully the first tranche of Rs 10,000 crore (raised by IIFCL) should be availed by banks in the next six-seven months," IIFCL Chairman S S Kohli told a private news channel.
The government has allowed IIFCL to raise Rs 30,000 crore during the current fiscal for refinancing infrastructure projects like roads, highways and ports.
On asked if IIFCL would disburse Rs 30,000 crore in the next 5 to 6 months, Kohli said, "Actually that will depend on in how many cases the bid has been accepted ... let us see the progress in the bidding of the projects and then we can come out with certain conclusions."
Kohli said that the institution would meet banks "to evolve this scheme" and the board meeting will take place on July 14 to discuss its modalities.
The government yesterday said IIFCL and banks are equipped to support projects involving investment of Rs 1,00,000 crore in infrastructure.
"Hopefully the first tranche of Rs 10,000 crore (raised by IIFCL) should be availed by banks in the next six-seven months," IIFCL Chairman S S Kohli told a private news channel.
The government has allowed IIFCL to raise Rs 30,000 crore during the current fiscal for refinancing infrastructure projects like roads, highways and ports.
On asked if IIFCL would disburse Rs 30,000 crore in the next 5 to 6 months, Kohli said, "Actually that will depend on in how many cases the bid has been accepted ... let us see the progress in the bidding of the projects and then we can come out with certain conclusions."
Kohli said that the institution would meet banks "to evolve this scheme" and the board meeting will take place on July 14 to discuss its modalities.
The government yesterday said IIFCL and banks are equipped to support projects involving investment of Rs 1,00,000 crore in infrastructure.
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