Nation's first low income state infrastructure equity partnership or Neev Fund was launched by Prime Minister Narendra Modi in UK in the presence of David Cameron, PM, United Kingdom.Arundhati Bhattacharya, Chairman, SBI said “State Bank of India is proud to be associated with the Department for International Development (DFID) Government of UK for launching of the Fund which will invest in small infrastructure projects in eight low income states of the country.The fund will invest in small infrastructure projects in eight low-income states.The fund aims at providing equity partnerships for small infrastructure development in sectors like water and sanitation, clean energy and urban infrastructure and to help small projects to raise capital in the long-term with equitable growth.
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