Tamil Nadu has received the nod from the market regulator Securities and Exchange Board of India (SEBI) to launch its State Shelter Fund for attracting investments in the affordable housing segment. The Tamil Nadu government established the Tamil Nadu Infrastructure Fund which is the category-I Alternative Investment Fund.
The announcement was made by the Deputy Chief Minister of the State O Panneerselvam at a conference on ‘Innovative and Alternative Finance for Business and Infrastructure Development in India’ organized by the United Economic Forum (UEF) Chamber of Commerce and World Islamic Economic Forum Foundation (WIEF).
Source- Times Now
Static/Current Takeaways Important For IBPS PO Mains Exam 2018:
- Tamil Nadu CM: Edappadi K Palaniswami, Governor: Banwarilal Purohit.