The government is planning to establish Telecom Finance Corporation by March 2017

The Ministry of Communications and IT has stated that the government is planning to establish a Telecom Finance Corporation (TFC) under the 12^th Five Year Plan. The TFC will be registered as a non-banking and non-deposit infrastructure finance company. Further, it would be a public sector unit (PSU) administered by the Department of Telecommunications (DoT). The government intends to set up TFC by March 31, 2017.

The funds for TFC will be raised through issue of taxable and non-taxable bonds, along with term loans from banks and financial institutions. Also, funds will be borrowed from overseas financial institutions andmultilateral development agencies such as Asian Development Bank, World Bank, International Monetary Fund and other sovereign funds.

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