Assocham submits infrastructure growth roadmap to FinMin
Agencies: New Delhi, Nov 12 2012, 20:02 IST
contributed by public sector banks."
It suggested that banks may be permitted to issue long-term, tax free bonds for the purpose of lending to infrastructure sector at a lower rate of interest.
Provisions may also be made by the Reserve Bank of India (RBI) to provide interest subsidies to the banks for their exposure in this sector, it said.
Incentives doled out to the infrastructure entrepreneurs earlier, should be restored and current regulations be amended, it added.
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