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The programme offers customers options to choose offers from several financial institutions, improves loan processing turnaround time and brings in cost efficiency for financing partners
The agreement includes a commitment of $150 million in the NIIF Master Fund and co-investment rights of up to $450 million in future opportunities.
Considering banks have turned completely averse to funding real estate or infrastructure (ICICI has shut down its project finance division that funded infrastructure), the announcement of a Rs 250 billion fund is a lifeline.
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