MoU for Takeout Finance Scheme(TFS)

Recently IIFCL , LIC and IDFC singed a Memorandum of Understanding(MoU) on Takeout Finance Scheme(TFS) to provide finance for infrastructure projects .this MoU will provide for takeout up to 50% of total project cost in the ratio of 20:20:10 by IIFCL , LIC and IDFC respectively .

This MoU will facilitate banks to take more exposure in new projects .

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