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Special Banking Arrangement for payment of outstanding subsidy to fertilizer companies during 2014-15

Dated:- 14-10-2015 - The Cabinet Committee on Economic Affairs chaired by the Prime Minister Shri Narendra Modi, today has given its ex-post facto approval for a Special Banking Arrangement (SBA) for a loan of ₹ 7000 crore with the consortium o .....

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quidity problems of the fertilizer companies. Under the above SBA, a total of ₹ 6806.66 crore for settlement of subsidy bills with the two consortiums of Public Sector Banks led by SBI and PNB was raised by the Government. The above loan amount .....

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