LIC offers Rs 1.25 trillion by 2024 for highway projects

Life Insurance Corporation of India has agreed to offer Rs 1.25 trillion Line of Credit by 2024, to fund highway projects. LIC has offered Rs 25,000 crore in a year and Rs 1.25 trilion in five years. The borrowings will be in the form of bonds to be issued by the National Highways Authority of India.

The Line of Credit will be used to fund the ambitious Bharatmala project.

Static/Current Takeaways Important For RRB NTPC/IBPS RRB Main:

  • Chairman of LIC : M R Kumar.
  • Union Minister of Road Transport and Highways: Nitin Jairam Gadkari.

Source: The Business Standard

Find More News Related to Agreements 

हिंदी में पढ़े

×

Download success!

Thanks for downloading the guide. For similar guides, free study material, quizzes, videos and job alerts you can download the Adda247 app from play store.

[adda247_lead_form]

Leave a comment

Your email address will not be published. Required fields are marked *