<h1>LIC Delivers Rs. 2000 Crore to IRFC, Kicking Off Rs. 1.5 Lakh Crore Railways Funding Deal Over Five Years.</h1> Life Insurance Corporation (LIC) has provided Indian Railway Finance Corporation (IRFC) with a Rs. 2000 crore cheque as the initial funding tranche, marking a significant milestone in institutional financing for Indian Railways projects. This funding is part of a larger commitment of Rs. 1.5 lakh crore over five years, as agreed in a Memorandum of Understanding between Railways and LIC. The funds, with a 30-year tenor and low interest rates, aim to decongest the railway network, boost traffic output, and enhance internal resources. This initiative is expected to benefit both organizations and support ongoing and new railway projects.