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Govt lays down four year long plan for bank capitilisation

Govt lays down four year long plan for bank capitilisation

| | 31 Jul 2015, 09:18 pm
New Delhi, July 31 (IBNS) Union Finance Minister Arun Jaitley said on Friday that the Indian government has laid down a long term four year plan for Bank capitalization.

He added that it is a long overdue step that Government in the past has talked about.

But this time government is actually implementing it, he said.

This will gave a boost for investment and growth in India, Jaitley said.

He was speaking in connection with the supplementary demand for grants of 2015-16 being laid  in the Parliament, in which Rs 12000 crore has been provided for bank capitalization. Government also proposes to make available Rs.70,000 crores out of budgetary allocations for four years.

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