Summary:
By Express News ServiceTHIRUVANANTHAPURAM: There’s good news for LSG contractors, suppliers and other agencies whose pending bills are yet to be cleared by the government. The Kerala Financial Corporation (KFC) has earmarked Rs 300 crore for the bill discounting system devised by the government to overcome the fund crunch. However, earlier this month, the Finance department announced the introduction of the bill discounting system, once it became clear that the Central sanctions for the state will be delayed further. We are targeting an additional business of Rs 300 crore,” said Sanjay Kaul IAS, CMD, KFC. The maximum sanction for corporate and non-corporate entities will be Rs 20 crore and Rs 8 crore respectively..