Moves afoot to allow infra projects to use IIFCL funds

Economy Bureau
Posted: Thursday, Jan 08, 2009 at 2211 hrs IST
Updated: Thursday, Jan 08, 2009 at 2211 hrs IST

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New Delhi: special financing for the infrastructure sector

• The proposal to permit use of funds to be raised by IIFCL is being discussed with the finance ministry

• As part of the 2nd stimulus package, IIFCL was permitted to raise another Rs 30,000 cr through tax free bonds

• The government hopes that the bond issue by IIFCL will encourage refinancing by banks...

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