(a) whether the Government has set up Inter-Institutional Group of financial Institutions and several banks for speedy implementation of infrastructure project; and
(b) if so, the number of projects that have been taken by the Inter-Institutional Group?
THE MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI S.S. PALANIMAN1CKAM):
(a) Yes, Sir. An Inter-Institutional Group (IIG) of financial institutions and commercial
banks has been formed to provide an institutional response to the sponsors of infrastructure
projects and stimulate investments in the infrastructure sector.
(b) The Inter-institutional Group has facilitated the financial closure of 12 power
projects. In addition, nine more power projects are under the consideration of the IIG.