Chennai:
Chief Minister J Jayalalithaa said on Friday highlighted the role of banks and financial institutions in funding the estimated outlay of Rs 15 lakh crore for infrastructure projects in the next 11 years to realize her vision.
Speaking during the Special Platinum Jubilee celebrations of Indian Overseas Bank here on Friday, she said, “The underlying assumption of the plan is that the private sector will make a substantial contribution to the expected investment and in this context, the role of banks and financial institutions to effectively mobilize and channelise such investments is critical.”
Appreciation IOB for being the first to pledge its support for implementing Vision 2023, she urged the banks to play a proactive role in funding investment and in particular infrastructure projects in the state.
Setting a target to achieve 14 per cent growth in manufacturing, she also urged the banks to work in tandem with the government to achieve the goals of the new industrial policy.
She also sought support from IOB and other banks to ensure success of state government’s New Entrepreneur-cum-Enterprise Development Scheme (NEEDS) to train budding entrepreneurs and handhold them through process of incubating new ventures and in obtaining financial assistance.
She also urged the banks to not only support students with liberal education loans but also pro-actively come forward to finance start-ups when they finish education.
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