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Wednesday, Apr 17, 2002

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KSFC plans new lending policy

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BANGALORE: The Karnataka State Finance Corporation (KSFC) would come out with a new lending policy to give a boost to sectors like agro-food, health, apparel parks, export promotion zones and high design related areas. Its diversified portfolio will also include funding nursing homes, infrastructure for starting schools, medical and engineering colleges. KSFC, which has vast experience in industrial finance, recently tied up with IFFCO-Tokio General Insurance Company.

KSFC would also lend to industries which have done well and want to improve further, said Mr V. Umesh, Managing Director, KSFC.

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