Source: Hindu Department of Economic Affairs under Ministry of | ECONOMY by VIVEK SINGH

Source: Hindu
Department of Economic Affairs under Ministry of Finance grants 'Infrastructure' Status to various sub-sectors.

Once an industry is accorded infrastructure status, the sector is entitled to a number of benefits and concessions. This grant of status enables an industry to raise money from insurance companies, pension funds, and international lenders with a longer tenure and on easier terms. Infrastructure status gives industries access to cheaper foreign currency funding through the external commercial borrowing route. Falling under infrastructure category helps the sector get credit at competitive rates and on long-term basis with enhanced limits.