Rural Infrastructure Development Fund

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  Budget 2021: Rural Infrastructure Development Fund Increased To Rs 40,000

  Finance Minister Nirmala Sitharaman on Monday said the allocation to rural infrastructure development has been increased to Rs 40,000 crore for the next fiscal from Rs 30,000 crore in Financial Year 2021.

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  Centre Nods To 2,000-Crore Fund For Agriculture Rural Markets Upgradation

  The Centre on Wednesday approved the creation of a corpus of Rs 2,000 crore for Agr-Market Infrastructure Fund (AMIF) for development and upgradation of agricultural marketing infrastructure in Gramin Agricultural Markets and Regulated Wholesale Markets.

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  National Agriculture Bank Sanctions Rs 285-Crore Loan To Haryana

  National Bank for Agriculture and Rural Development (NABARD) has sanctioned a loan of Rs. 285.06 crore to Haryana under Rural Infrastructure Development Fund for remodelling of 565 water courses in 10 districts of the state.

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  District Collectors to Get Rs 50 Lakh Untied Fund for Works: Vasundhara Raje

  Rajasthan Chief Minister Vasundhara Raje today announced that each district collector will have an untied fund of Rs 50 lakh for developmental works in the state.

• RBI Governor Rajan Frowns on 'Subsidising' Foreign Education Loans

  Calling for a re-think on easy credit, Reserve Bank of India (RBI) Governor Raghuram Rajan has said banks are actually subsidising student education loans for overseas studies under the priority sector lending (PSL) segment.

• IDBI Bank Q1 Net Tanks 65% to Rs 106 Crore on PSL Provisions

  The city-based lender, which has been struggling to increase retail business, saw its interest income decline due to larger outstanding under RIDF (Rural Infrastructure Development Fund) and other PSL-linked deposits, which soared to Rs 18,435 crore during the quarter from Rs 8,260 crore a year ago, the bank said in a statement here.

• PSU General Insurers to Meet Finance Ministry on Rural Infra Fund on July 16

  Heads of state-owned non-life insurers will meet Financial Services Secretary G S Sandhu on Wednesday to discuss how they can provide cover to the assets being created by the Rs 5,000-crore rural infrastructure development fund announced in the Budget 2014-15.

• Fund Raising via Debt Securities Hits 10-Year High in FY14: Report

  Quantum of funds raised by Indian companies from the retail issuing of debt securities or bonds hit a 10-year high of over Rs 42,000 crore in 2013-14, according to a report.

• Budget 2013: Big push to infra with Rs 50,000 crore tax-free bonds, two new ports

  Infrastructure got a major thrust in Budget 2013-14 with Finance Minister P Chidambaram today announcing a slew of measures to boost sector's growth, like raising Rs 50,000 crore through tax-free bonds, setting up of major ports and a road regulator.

• Jayalalithaa opposes revision of interest rates on Rural loans

  Tamil Nadu Chief Minister J Jayalalithaa has opposed the revision of interest rate for the Rural Infrastructure Development Fund (RIDF), saying that the Reserve Bank of India's (RBI) move will force states to reduce investment in this area, which is vital for inclusive development.

• Housing finance may come under priority lending

  The RBI said it is considering categorizing housing finance for weaker sections as priority sector lending.