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PFC approves over Rs one lakh cr loans for power projects in FY20

Friday, 26 Jun 2020
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The Power Finance Corporation (PFC) has sanctioned loans over Rs one lakh crore for power projects during FY20. Out of the Rs one lakh crore, it successfully disbursed Rs 68,000 crore loans during FY19.

PFC disbursed Rs 11,000 crore during the last week of March 2020 when the country was under a nationwide-lockdown to contain the spread of COVID-19 pandemic.

PFC’s net non-performing assets (NPAs) reduced to 3.8 percent in 2019-20 from 4.55 percent in FY20.

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