Current Affairs Agreements

LIC offers Rs 1.25 trillion by 2024 for highway projects

Category : Agreements

  Life Insurance Corporation of India has agreed to offer Rs 1.25 trillion Line of Creditby 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.
Source: The Business Standard


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