NaBFID sanctions ₹7,500 cr loan for Amaravati development
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The National Bank for Financing Infrastructure and Development (NaBFID) has sanctioned a loan of ₹7,500 cr to the Andhra Pradesh Capital Region Development Authority (APCRDA) for the development of Amaravati. This funding aims to accelerate key infrastructure projects in the state capital.
The loan documents were handed over during a ceremony attended by state officials, including Chief Minister N Chandrababu Naidu. This financial backing is expected to significantly enhance the pace of construction in Amaravati, potentially boosting related sectors like Construction and Infrastructure.
Not investment advice. For informational purposes only.