Govt loan for projects above 500 cr

New Delhi: The central government decided to give loan for projects that exceeds 500 crores aiming the economic growth of the nation. The decision has been taken to give consent to projects amounting to 3.8 crores that face various hindrances. Government aims to increase the economic growth by liberalising investments. Project monitoring group has been formed to avoid hindrances and give easy consent to various projects. This monitoring group will give consent to Industrial sector that has projects ranging above Rs. 1000 crore. This was a long time wish from the part of various organisations including Confederation of India.

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