"The loan disbursement target for the current fiscal is Rs 9,500 crore," IIFCL executive director HK Bhanwala told PTI. According to the report, IIFCL has already disbursed Rs 4,000 crore between April-November period. Bhanwala added that the remaining Rs 5,500 crore would be disbursed by the end of March.
He said, IIFCL has disbursed loans to some of the stalled projects cleared by the Cabinet Committee on Investment (CCI). Loan disbursal would pick up as more and more projects cleared by the CCI reach financial closure, he added.
Dion Global Solutions Ltd.