Tamil Nadu gives guarantee, budgetary support for Rs 30,230 cr liquidity loans

NEW DELHI: The Tamil Nadu government has approved guarantee and budgetary support for repayment of Rs 30,230 crore loan being taken from the Power Finance Corp (PFC) and REC NSE -0.69 % Ltd under Atma Nirbhar Bharat liquidity infusion scheme. This is the biggest loan application by a state, about a-fourth of the Centre’s extended Rs 1,20,000 crore liquidity infusion scheme, to settle power bills.