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LIC to Fund Cash Strapped Projects of Railways

News:

The railways have finally identified the projects that will be funded by the Rs 1.5-lakh-crore loan that Life Insurance Corporation (LIC) has extended to the cash-strapped organization for the next five years.

Source:- ET

SNP Insight:

24 corridors have been identified by the railways for expansion and strengthening from the 1.5 lack crore loan offered by LIC. The expansion and strengthening of the projects will lead to reduced congestion on the lines and will ensure more secure and safe transportation. Furher a robust railway infrastructure will contribute to a large extent in the Indian economy.

Source:- SNP Infra Research