IIFCL Should Lend ₹1 Lakh Crore in 3 Years: Nagaraju
Financial Express Kochi|January 07, 2025
INDIA INFRASTRUCTURE FINANCE Company (IIFCL) may set an ambitious goal of extending loans of ₹1 lakh crore to the infrastructure sector in the next three years, financial services secretary M Nagaraju said on Monday.
FE BUREAU

So far, IIFCL has sanctioned loans worth ₹2.8 lakh crore and disbursed ₹1.4 lakh crore, of which 50% was done in the past 4-5 years, Nagaraju said.

"In the next three years you (IIFCL) should lend ₹1 lakh crore...to fulfil the Viksit Bharat aspiration. You have the capacity, experience and resilience to undertake very complex products and finance infrastructure in the country," he told an event on the 20th foundation day of the institution.

This story is from the January 07, 2025 edition of Financial Express Kochi.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the January 07, 2025 edition of Financial Express Kochi.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM FINANCIAL EXPRESS KOCHIView All
Financial Express Kochi

HMPV: Centre asks states to step up surveillance of respiratory illnesses

Two suspected cases of the virus were reported from Nagpur, taking the total number to seven

time-read
1 min  |
January 08, 2025
Financial Express Kochi

Nvidia Unveils New Tech for Gamers

● Also announces first desktop PC

time-read
1 min  |
January 08, 2025
Financial Express Kochi

Samsung CEO touts AI fridges & washers

SAMSUNG ELECTRONICS IS ramping up investment in AI for consumer electronics, betting on its ubiquitous presence in gadgets from smartphones to TVs to help it stake out a spot in the AI arena.

time-read
1 min  |
January 08, 2025
Financial Express Kochi

Only 1 in 5 Sees Household Income Rising in '25: Study

ONLY 24% OR 1 out of every 5 Indians expects their household income to rise in 2025, a survey released on Tuesday showed.

time-read
1 min  |
January 08, 2025
Financial Express Kochi

A boost to Act East policy

STRATEGIC ALLIANCES WITH GLOBAL BHARATIYAS

time-read
1 min  |
January 08, 2025
Financial Express Kochi

Growth engine runs out of steam

THAT REPRESENTS A loss of 6.4% growth over the period, against an average annual growth of 6%.

time-read
3 mins  |
January 08, 2025
Financial Express Kochi

Orbit, Sanabil Launch Startups' Accelerator

ORBIT STARTUPS (ORBIT) and Sanabil Investments have launched an accelerator programme to cultivate early-stage startups from the Saudi Arabia and the Middle East and North Africa (MENA) region as well as global startups seeking to expand into the region.

time-read
1 min  |
January 08, 2025
Financial Express Kochi

Merges chaos of mela with efficiency of online market

Why the campaign rocks:

time-read
1 min  |
January 08, 2025
Financial Express Kochi

The cost of consent

The proposed DPDP Rules challenge marketers to rethink strategy

time-read
3 mins  |
January 08, 2025
Financial Express Kochi

Revolutionising legal services

THE SECTOR IN INDIA SHOULD EMBRACE TECH TRENDS AND COMPETITION IN AN ERA OF DISRUPTION

time-read
4 mins  |
January 08, 2025