Giving a boost to key segmentssuch as roads and bridges, liquefi ed natural gas (LNG), oil pipelines, water treatment plants, telecom towers, and three-star hotels, the Reserve Bank of India (RBI) accorded them infrastructure status and paved way for them to avail easier funding from banks.
In a notifi cation, RBI said the credit facility extended by lenders (bankers and select financial institutions) to a borrower in about 30 odd sub0segments of the infrastructure sector will qualify as 'infrastructure lending'.
With infrastructure lending status, companies can avail loans for a longer period at lower rate of interest.
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