The cash-strapped state government is now looking at KSFE Pravasi chit funds to finance the ₹10,000-crore hill and coastal highway projects in the state.
A senior official of KSFE said the new chit funds catering to NRI customers would commence in June by launching a range of products worth ₹12,000 crore through a special campaign in the Gulf markets.
The reference on these two projects in the Finance Minister’s budget speech shows the government’s commitment to make it a reality by tapping NRI customers through the KSFE Pravasi chits.
The BusinessLine report
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