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Blog > Infrastructure gets a boost
Infrastructure gets a boost
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Beauty
4 posts
Feb 01, 2021
2:52 AM
A new Development Finance Institution (DFI), with a starting capital of $2.7bn, will be set up to help fund large-scale infrastructure projects. This is expected to kickstart spending and offer some relief to banks, which are reeling from a mountain of debt. pg Also in the works is an asset reconstruction and management company or a "bad bank" that will take on unpaid debt from existing banks to free up their lending capacity. National highway projects and infrastructure corridors have been cleared in poll-bound states such as Tamil Nadu, Kerala, Assam and West Bengal. And a scheme has been announced to set up textile parks across the country. Overall spending on infrastructure is up sharply by 35%.
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