Gandhinagar : The Gujarat government entered into pacts with public sector banks for loans and with financial institutions for investment in financial services in the state as part of the Vibrant Gujarat Global Summit 2017. Country’s largest lender State Bank of India will lend to the state Rs 300 billion, of which Rs 120 billion will be for priority sector such as agriculture and allied activities, reports Cogencis.
Union Bank of India will lend Rs 56 billion while country’s top development lender National Bank for Agriculture and Rural Development will provide Rs 130 billion for rural and farm lending. India’s top stock exchanges, BSE Ltd and National Stock Exchange of India Ltd, will invest Rs 5 billion each for their international exchange and clearing house operations in the state. Also, MCX inks MoU with Gujarat for business continuity facility.
