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    <title>Rs. 50 Lakh Crore Allocated to Infrastructure in Twelfth Plan; 50% Expected from Private Sector Tax Free Bonds for Financing Infrastructure Doubled to Rs. 60,000 Crore More Sectors Eligible for Viability Gap Funding.</title>
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    <description>The budget doubles the ceiling for tax-free bonds to mobilise long-term debt through central financing institutions for infrastructure and adopts a harmonized master list to reduce policy ambiguity. Eligibility for Viability Gap Funding under the PPP support scheme is broadened to include irrigation, agricultural market infrastructure, fertilizer capital investment, oil and gas storage and pipelines, and fixed telecommunication networks and towers. Credit access measures include IIFCL&#039;s credit enhancement and take-out finance, a consortium for direct lending, and in-principle approvals to developers before PPP bid submission to improve project bankability.</description>
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    <pubDate>Fri, 16 Mar 2012 13:47:48 +0530</pubDate>
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      <description>The budget doubles the ceiling for tax-free bonds to mobilise long-term debt through central financing institutions for infrastructure and adopts a harmonized master list to reduce policy ambiguity. Eligibility for Viability Gap Funding under the PPP support scheme is broadened to include irrigation, agricultural market infrastructure, fertilizer capital investment, oil and gas storage and pipelines, and fixed telecommunication networks and towers. Credit access measures include IIFCL&#039;s credit enhancement and take-out finance, a consortium for direct lending, and in-principle approvals to developers before PPP bid submission to improve project bankability.</description>
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