The Union Cabinet has approved a 12,517 crore rupees re-capitalization programme for public sector banks. Briefing THE media, Finance Minister P Chidambaram said 9 or 10 public sector banks are to get the re-capitalization amount before the end of the current fiscal.
He said THE Cabinet has approved enhancement of unit assistance under the Indira Awaas Yojana in view of the steep hike in cost of materials.
It has been raised to 70 thousand from the present 45,000rupees in plain areas and to 75,000 rupees from the existing 48,500 rupees in hilly and difficult areas.