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Economy

Booster for real estate: Government introduces Rs 25,000 crore alternative investment fund

Updated : November 07, 2019 06:58 AM IST

The funds will be set up as Category-II Alternate Investment (AIFs) fund registered with Sebi.
Also, the SBI Capital Markets will run the AIF through an escrow account.
The AIF can be utilised even by the projects which have been declared non-performing assets or are facing insolvency proceedings, Sitharaman said.
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