• Home
  • About
  • Contact
  • ePaper
Friday, June 13, 2025
No Result
View All Result
Kashmir Digest
  • Home
  • News
    • Local
    • National
    • Regional
    • World
  • Business
    • Economy
    • Finance
    • Tourism
    • Startup
    • Marketing
  • Ed-Op
    • Editorial
    • Opinion
    • Blog
  • Health
  • Sports
    • Cricket
    • Football
    • Other
  • Science and Tech
  • Show Biz
  • Home
  • News
    • Local
    • National
    • Regional
    • World
  • Business
    • Economy
    • Finance
    • Tourism
    • Startup
    • Marketing
  • Ed-Op
    • Editorial
    • Opinion
    • Blog
  • Health
  • Sports
    • Cricket
    • Football
    • Other
  • Science and Tech
  • Show Biz
No Result
View All Result
Kashmir Digest
No Result
View All Result
Home Business Finance

JKIDFC to raise loan of Rs 2000 crore for funding languishing projects

by KD Desk
January 11, 2022
in Finance, Latest News
0

money

Share on FacebookShare on TwitterWhatsappTelegram

Faizan Wani
Srinagar: In a significant move, the Jammu & Kashmir Infrastructure Development Corporation (JKIDFC), a special purpose vehicle (SPV) set-up for completion of languishing/unfunded projects in J&K, has decided to raise a loan of Rs 2000 crore to be availed in the remaining months of the ongoing financial year and the first quarter of the next fiscal.
To begin with, the JKIDFC has invited has invited expression of interest (EoI) from financial institutions for providing a long-term loan of Rs 2000 crore for funding languishing projects in the Union Territory. “Sealed expression of interest (EOI) is being invited from reputed RBI regulated banking and financial institutions/companies of the country, to submit written proposals for advancing loans of Rs. 2,000 crore to be availed during remaining months of the current financial year 2021-22 and Ist quarter of next financial year (2022-23),” reads the EoI.
The EoI was issued by the Corporation on January 3, 2022.
It is worthwhile to mention that the JKIDFC was set-up in 2018 by the J&K administration for funding unfinished/languishing infrastructure projects in the State.
The State Administrative Council (SAC) authorized it to raise a loan not exceeding Rs 8000 crores from various financial institutions including state/ nationalized banks for completion of these unfunded/ languishing projects.
As per mechanism approved by the SAC, a high-powered committee (HPC) comprising administrative secretaries of Finance, Planning, PWD and PHE besides administrative secretary of the concerned department were empowered to approve funding of projects under the scheme.

KD Desk

Related Posts

Lieutenant Governor chairs high-level security review meeting for Shri Amarnath Ji Yatra
J&K

Lieutenant Governor chairs high-level security review meeting for Shri Amarnath Ji Yatra

June 13, 2025
Principal Secretary SWD chairs introductory cum review meeting
J&K

Principal Secretary SWD chairs introductory cum review meeting

June 13, 2025
Arrangements for celebration of International Yoga day discussed in Udhampur
J&K

Arrangements for celebration of International Yoga day discussed in Udhampur

June 13, 2025
Next Post

Srinagar to Jammu traffic on highway today: Officials

Contacts of confirmed cases don't need to get tested: Govt advisory

GMC Srinagar cancels winter vacation

Leave a Reply Cancel reply

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

Recommended

PM Modi commemorates 20 years of SWAGAT initiative in Gujarat

Govt constantly working for democratisation of technology: PM Modi

2 years ago
Shri Ram Sena chief’s remarks on kicking out students wearing hijab stirs controversy

Shri Ram Sena chief’s remarks on kicking out students wearing hijab stirs controversy

3 years ago

Pak Firing Disrupts Weddings In Villages Along IB, Locals Flee For Safety

2 years ago
3 day orientation programme for MLAs to commence tomorrow at Jammu

3 day orientation programme for MLAs to commence tomorrow at Jammu

5 months ago

Categories

  • Big Story
  • Blog
  • Business
  • Court
  • Cricket
  • Economy
  • Ed-Op
  • Editorial
  • Education
  • Finance
  • Football
  • Health
  • J&K
  • Latest News
  • Local
  • Marketing
  • National
  • News
  • Opinion
  • Other
  • Politics
  • Regional
  • Religious
  • Science and Tech
  • Show Biz
  • Sports
  • Startup
  • Top News
  • Tourism
  • UT Ladakh
  • World
No Result
View All Result

Highlights

Reasi Administration hosts training programme on e-Office 2.0

DC reviews preparedness for Dharti Aaba Janjatiya Gram Utkarsh Abhiyan in Udhampur

Road safety enforcement drive conducted in Rajouri; violators booked

R&R Commissioner reviews progress of development works in Jammu Migrant Camps

DC stresses timely response, coordination

GDC Ramgarh hosts preamble reading session

Trending

Lieutenant Governor chairs high-level security review meeting for Shri Amarnath Ji Yatra
J&K

Lieutenant Governor chairs high-level security review meeting for Shri Amarnath Ji Yatra

by KD Desk
June 13, 2025
0

SRINAGAR, JUNE 13: The Lieutenant Governor Shri Manoj Sinha today chaired a high-level meeting with senior officials...

Principal Secretary SWD chairs introductory cum review meeting

Principal Secretary SWD chairs introductory cum review meeting

June 13, 2025
Arrangements for celebration of International Yoga day discussed in Udhampur

Arrangements for celebration of International Yoga day discussed in Udhampur

June 13, 2025
Reasi Administration hosts training programme on e-Office 2.0

Reasi Administration hosts training programme on e-Office 2.0

June 13, 2025
DC reviews preparedness for Dharti Aaba Janjatiya Gram Utkarsh Abhiyan in Udhampur

DC reviews preparedness for Dharti Aaba Janjatiya Gram Utkarsh Abhiyan in Udhampur

June 13, 2025
Kashmir Digest

©Kashmir Digest -

Navigate Site

  • Home
  • About
  • Contact
  • ePaper

Follow Us

No Result
View All Result
  • Home
  • News
    • Local
    • National
    • Regional
    • World
  • Business
    • Economy
    • Finance
    • Tourism
    • Startup
    • Marketing
  • Ed-Op
    • Editorial
    • Opinion
    • Blog
  • Health
  • Sports
    • Cricket
    • Football
    • Other
  • Science and Tech
  • Show Biz

©Kashmir Digest -