April 26, 2024 14:39 (IST)
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Govt sets up 25,000 cr AIF to revive the struggling realty sector in India

Govt sets up 25,000 cr AIF to revive the struggling realty sector in India

New Delhi/UNI/IBNS: The Union Cabinet on Wednesday approved setting up of a fund in which the government would infuse up to Rs 10,000 crore while Life Insurance Corporation(LIC) and State Bank of India would jointly contribute Rs 15,000 crore to help revive the struggling realty sector, informed Union Finance Minister Nirmala Sitharaman.

Fin Min Nirmala Sitharaman says govt to infuse Rs 10,000 cr into cash-strapped realty sector

Fin Min Nirmala Sitharaman says govt to infuse Rs 10,000 cr into cash-strapped realty sector

New Delhi/UNI: The Union Cabinet on Wednesday approved setting up of a fund to infuse funds up to Rs 10,000 crore into the realty sector, informed Union Finance Minister Nirmala Sitharaman.