Slurry pipelines and capital dredging projects would be eligible for concessional loan from banks as the Reserve Bank of India (RBI) brought these sectors under the ambit of infrastructure lending.
Besides the above sectors, the central bank also brought telecom and telecommunications services under the infrastructure ambit. This will make loans cheaper to companies in these sectors.
With this, about 31 sub-sectors from five classified categories have been notified as eligible for infrastructure sector lending.
An official statement from the RBI said a credit facility extended by lenders in the (31) infrastructure sub-sectors will qualify as infrastructure lending.