IIFCL has been Chosen as the Lead Promoter of Credit Enhancement Guarantee Fund with at least
26 % of Stake.
IIFCL is India Insfrastructure Finance Co. Ltd.
A credit enhancement fund provides an additional source of assurance or guarantee that the borrower will not default in the loan repayment.
It can also help borrowers raise loans at reduced interest rates.
Initial Corpus of the Fund is nearly 1500 Crores. This was announced in the budget Session of 2016-17.
26 % of Stake.
IIFCL is India Insfrastructure Finance Co. Ltd.
A credit enhancement fund provides an additional source of assurance or guarantee that the borrower will not default in the loan repayment.
It can also help borrowers raise loans at reduced interest rates.
Initial Corpus of the Fund is nearly 1500 Crores. This was announced in the budget Session of 2016-17.
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