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Private projects sanctioned by banks in Tamilnadu
August 30 , 2024
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- The number of private sector projects in Tamil Nadu financed by banks and financial institutions increased to 83 in 2023-24 from 44 in 2022-23.
- The State’s share in overall project cost of ₹3,90,978 crore dipped to 3% in 2023-24.
- The State’s share was 4.8% in the total cost of ₹2,66,546 crore in 2022-23.
- The number of private projects sanctioned by banks and financial institutions in Tamil Nadu was 40 in 2021-22.
- The state-wise distribution of projects sanctioned by banks and financial institutions revealed that the top five states viz., Gujarat (14.7%), Maharashtra (11.7%), Karnataka (11.1%), Andhra Pradesh (10.1%) and Uttar Pradesh (7.6%).
- They had together accounted for about 55 per cent of the total cost of projects sanctioned during 2023-24.
- Tamil Nadu ranks only at 12th place in 2023-24 in terms of share in total project cost, when compared to no 1 position in 2018-19.
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