₹20,000 cr risk guarantee fund to spur infra growth in offing

It is estimated that India would need to spend about $4.51 trillion on infrastructure by 2030 to realise the vision of a $5 trillion economy by 2025

- PTI

The government is considering a proposal for creation of a Rs 20,000 crore risk guarantee fund for the infrastructure sector to push investment by the private sector.

The establishment of a risk guarantee fund for the infrastructure sector is expected to attract private sector investment by sharing project risks, thereby reducing the burden on project developers, sources said.

The fund with initial corpus of Rs 20,000 crore may be managed by NCGTC, sources said, adding, the fund would underwrite development risk of a new project.