Chidambaram for mobilisation of resources from insurance and pension sector for IDFs
Chidambaram said that in order to give thrust to investment in infrastructure sector and to attain GDP growth rate of 8%, there is an immense need for financial products such as IDFs, Takeout Finance and Credit Enhancement to fill the financial gap in the infrastructure sector.
The Insurance Regulatory and Development Authority (IRDA) is likely to come-out with a new policy giving automatic clearance to standard life insurance products and relax investment guidelines to encourage flow of funds into infrastructure sector, Minister of State for Finance, Namo NarianMeena said in a written reply to Lok Sabha.