Chitty to raise funds for coastal, hill highway

Roping in Non-Resident Keralites (NRKs) by enrolling them for the Pravasi Chitty of Kerala State Financial Enterprises (KSFE) has been mooted for the construction of the 1,267-km Hill Highway and the 630-km Coastal Highway. The target is to get the chitty subscribed by at least one-lakh NRIs in the first year and to mobilise Rs.10,000…

Kerala to raise NRK funds for development

Kerala Government will raise Rs 10,000 crore from the non-resident Keralites spread across the globe to finance its two new highway development projects. The money will be raised by launching a Pravasi Chitti scheme by the Kerala State Financial Enterprises (KSFE), a wholly-owned non-banking company of the State Government. The target of the government is…