Current Affairs Exam

Haryana Govt to take Rs 523 cr loan from SIDBI to promote cluster infrastructure

Haryana Chief Minister Manohar Lal Khattar on Tuesday said that the has decided to take a loan of Rs 523 crore from Small Industries Development Bank of India (SIDBI) for cluster Infrastructure development.

This loan will be taken for the financial year 2021-22, which will be available at a very low interest rate. This loan can be used for PADMA schemes and other cluster development schemes of the State Government.

He said that soon this scheme will be launched; and under this, a new industrial cluster will be set up in every block with the goal of One Block-One Product. This will directly benefit the respective industries of that area, added the Chief Minister.

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