Telangana government will get a loan bonanza of 6,750 crore from a consortium of banks on September 29, 2016 for Mission Bhagiradha, a flagship programme to provide drinking water.
A decision to this effect has been taken at a meeting of representatives of eight public sector banks and government officials here on Friday.
Andhra Bank will extend, 1,300 crore, Dena Bank 500 crore, Punjab & Sind Bank 700 crore, Syndicate Bank 1,000 crore, Oriental Bank of Commerce 1,000 crore, Bank of Maharashtra 1,000 crore, Indian Bank 750 crore and Allahabad Bank 500 crore. The consortium will review the progress of the project every three months on the basis of field visits, according to a release from Andhra Bank.
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