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Govt sets up 25,000 cr AIF to revive the struggling realty sector in India

Govt sets up 25,000 cr AIF to revive the struggling realty sector in India

Nov 07, 2019, at 01:23 am

New Delhi/UNI/IBNS: The Union Cabinet on Wednesday approved setting up of a fund in which the government would infuse up to Rs 10,000 crore while Life Insurance Corporation(LIC) and State Bank of India would jointly contribute Rs 15,000 crore to help revive the struggling realty sector, informed Union Finance Minister Nirmala Sitharaman.