CIDCO Gets Rs 5,000 Crore Credit Line For PMAY Housing Scheme
The City and Industrial Development Corporation (CIDCO), has secured a fund-based Line of Credit (LOC) worth Rs 5,000 crore from the State Bank of India. This LOC is for the Pradhan Mantri Awas Yojana (PMAY) mass housing project in Navi Mumbai.
As per reports, the financing is expected to help in speeding up the ongoing project with more than 1.12 lakh houses.
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