IIFCL Should Lend ₹1 Lakh Crore in 3 Years: Nagaraju
Financial Express Chennai|January 07, 2025
INDIA INFRASTRUCTURE FINANCE Company (IIFCL) may set an ambitious goal of extending loans of ₹1 lakh crore to the infrastructure sector in the next three years, financial services secretary M Nagaraju said on Monday.
FE BUREAU

So far, IIFCL has sanctioned loans worth ₹2.8 lakh crore and disbursed ₹1.4 lakh crore, of which 50% was done in the past 4-5 years, Nagaraju said.

"In the next three years you (IIFCL) should lend ₹1 lakh crore...to fulfil the Viksit Bharat aspiration. You have the capacity, experience and resilience to undertake very complex products and finance infrastructure in the country," he told an event on the 20th foundation day of the institution.

This story is from the January 07, 2025 edition of Financial Express Chennai.

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This story is from the January 07, 2025 edition of Financial Express Chennai.

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