Latest GK GS

Updated By: LatestGKGS Desk

Tamil Nadu gets its approval to launch State Shelter Fund

 

 

Tamil Nadu to launch its State Shelter Fund for attracting investment in the affordable housing segment

United economic Forum chamber of commerce and world Islamic economic forum foundation at a conference on Innovative and alternative Finance for Business and Infrastructure Development in India deputy chief minister of the state O Pannerselvam made an announcement for the approval of State Shelter Fund.

State shelter Fund is for attracting investments in the affordable housing segment, Deputy Chief Minister said in his statement.

Minister said The fund is a social impact to provide investors with profit besides getting social and environmental benefits.

On infrastructure fund taking up the project, he said the first round of funding has been raised from both local and international investment.

The government said a fund has declared $350 million for this project.

It has identified over 200 infrastructure projects requiring an investment of approximately $250 billion.

Security and Exchange Board of India is the market regulator and it is important for the state to gets its approval for the infrastructure project so that financial requirement is too completed by it.


 

Latest Tamil Nadu Updates

» Ayushman Bharat First 50 Days 2 Lakh Beneficiaries Of Health Insurance

» National Green Authority supports the Neutrinos Laboratory in Tamil Nadu

» Padma Shri Dr.Govindappa Venkatswamy Biography, Profile, Achievements, Awards

» Agriculture: Government approved operationalisation strategy for Operation Greens

» Agriculture: Odisha Government launches 'Soura Jalanidhi' scheme

» Safe City Project: MHA approved Rs 194 crores for Lucknow under Nirbhaya Fund