Maharashtra Govt Approves ₹22,250 Cr State Guarantee for Virar–Alibaug Multi-Modal Corridor Land Acquisition

The Maharashtra government has granted a ₹22,250 crore state guarantee to MSRDC for raising funds from HUDCO to acquire land for the Virar–Alibaug Multi-Modal Corridor. The approval comes with strict repayment conditions, escrow controls, and a revised financial structure approved by the Cabinet.

RBI’s New Project Finance Rules Ease Pressure on Lenders, Boost Growth Prospects

The RBI’s revised project finance guidelines will come into effect from October 2025. By significantly lowering provisioning norms and allowing prospective application, the rules are expected to ease credit costs and facilitate lending for India’s infra pipeline.