Led by power and roads & ports, the net bank credit to the infrastructure sector has nearly trebled to Rs 64,321 crore during the first eight months of the current fiscal, over April-November 2008-09, the Economic Survey said today.
"Net bank credit to infrastructure ... Increased substantially in the current fiscal," the Economic Survey 2009-10, tabled in the Parliament, said.
"Considering that there has been a steep decline in total industrial credit during the current year, this is particularly important," it added.
During the entire 2008-09 fiscal, the total net bank credit to the infrastructure sector was Rs 64,852 crore.
However, in the eight months to November, 2009, power alone cornered Rs 37,806 crore, while roads & ports took away Rs 18,408 crore. The telecom sector, which showed a negative 'increment flow of bank credit' during April-November, 2008, took Rs 761 crore.
The Survey said that infrastructure industries have started deriving significant resources through private placement of debt.
Although it did not provide comparable figures, shipping sector showed a big jump in garnering debt of Rs 2,250 crore through private placement during April-December, 2009-10 fiscal, against Rs 436 crore in the entire 2008-09 fiscal.
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