Maharashtra government has decided to create a non-banking financial services (NBFS) institution to use the surplus money lying with the state-run corporations. Maharashtra Finance Minister Sudhir Mungantiwar said in Mumbai, about 40,000 crore rupees are lying idle in the bank accounts of these corporations. This money is not being used and the corporations keep getting interest from banks. He added that the government will transfer this money the NBFS. This way the government will not have to pay high interest rates to banks and the surplus money of corporations will be used to meet urgent needs.