How much capital infusion has the Government of India sanctioned into the Industrial Finance Corporation of India (IFCI) for the financial year 2024-25?
₹500 crore
Why in the news?
“Government of India Sanctions ₹500 Crore Capital Infusion into IFCI for Financial Year 2024-25 to Strengthen Financial Health”
The Government of India has approved a ₹500 crore capital infusion into the Industrial Finance Corporation of India (IFCI) for the financial year 2024-25. This move is aimed at strengthening IFCI’s financial health before its planned restructuring.
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