Gurugram, Jan 30 (SocialNews.XYZ) Haryana Cabinet on Tuesday approved the Enhancement of Working Limits of Rs 1500 crore of Haryana State Industrial & Infrastructure Development Corporation Ltd. (HSIIDC) for infrastructure development mainly at Global City at Gurugram and IMT, Sohna besides land development at other locations of Industrial Estates of HSIIDC in the State.
The enhancement of the Working Capital Limit, totalling Rs 1500 crore, is earmarked for infrastructure development. The interest rate is linked to T-bill rates, ensuring a competitive and market-aligned financing structure.
The Finance Department, Haryana, has provided its concurrence with certain terms and conditions, including a 2 per cent guarantee fee on the sanctioned credit limit, timely repayment obligations, and strict adherence to the purpose of fund utilisation.
The approval of the Working Capital Limit enhancement is a significant step towards realizing the vision of a developed and progressive Haryana.
Source: IANS
About Gopi
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz