FM Sitharaman gives infrastructure sector Rs 16,200-crore liquidity shot

Apart from that, Rs 10,200 crore will be given as direct support for infrastructure creation

Contractors will now be given funds every month, rather than on the basis of the milestone achieved
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Jyoti MukulMegha Manchanda New Delhi
The Union government has provided another push to the infrastructure sector by announcing measures that could infuse liquidity both in companies and lenders.

While the government has relaxed earnest money deposit (EMD) and performance security on government and public sector tenders, it will also put in Rs 6,000 crore as equity in the National Investment and Infrastructure Fund (NIIF), which will be used to create a debt platform for infrastructure financing. This platform will help NIIF provide a debt of Rs 1.1 trillion for infrastructure projects by 2025, Union Finance Minister Nirmala Sitharaman said on Thursday.

Apart from that, Rs 10,200 crore

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First Published: Nov 13 2020 | 2:06 AM IST

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