While stating this here today, an official spokesman said Chief Minister Manohar Lal Khattar has approved a proposal in this regard.
He said the company will be established as a limited company under the Companies Act and will be registered with Reserve Bank of India (RBI) as a non-banking finance company.
The authorised capital of the company will be Rs 10 crore and the paid up capital will be Rs 1 crore in the first instance.
The finance department will be the administrative department of the company, he added.
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