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CCI Business Bulletin 27/01/2018-02/02/2018
Saturday Feb 3, 2018

Tamil Nadu gets USD 100 million loan to encourage rural enterprises

Tamil Nadu government has signed USD 100 million loan agreement with World Bank to promote rural enterprises. Tamil Nadu Rural Transformation project is expected to create an enabling environment for producer organisations and enterprises to promote businesses across select value chains. Around 30% of the financing for the business plans will be through a matching grant programme from the project and the remaining 70% will be leveraged from other financial institutions.

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