Media reports indicate that Union Finance Minister P Chidambaram may hold discussion with public sector banks and other stakeholders to expedite Rs 1 trillion worth newly sanctioned infrastructure projects which are facing delay.
These projects, which received around Rs 12,000 crore of loan from banks, involve firms such as HPCL-Mittal, Petronet, L&T, Ansal and PFC.
Further, the union finance ministry may involve the assistance of the special cell in the Cabinet Secretariat to expedite these projects.
Anil Swarup, who is the additional secretary of the cell is holding discussion with chief secretaries of state governments on the issue.
A dedicated database on the stalled projects has been set up by the special cell so that it would be helpful to all parties involved, including banks.
The banks will also take up the concerns in their state-level banker committee meetings for better coordination among themselves and with respective state governments.
Union government prepared a list of 98 stalled projects at the regional level with a total outlay of Rs 5 lakh crore, for which banks have sanctioned over Rs 1.7 lakh crore.