Friday, March 29, 2024

Nitin Gadkari: The government is giving a chance to be rich! Nitin Gadkari made this announcement, will be happy to hear

Nitin Gadkari: Good news is available for tiny investors. The national government is developing a new model for small investors to contribute to national road construction projects. Union Minister for Road Transport and Highways Nitin Gadkari on Tuesday said that this investment model is for small investors, and people from low and middle-income groups. Under this, the capital market will be approached next month to raise funds for the projects.

Union Minister gave information

The Union Minister explained this by saying, “We are putting together a new model for small investors to invest in infrastructure projects. We will soon list the InvITs on the stock market so that retail investors can invest. We are providing opportunities to common people including poor and middle-class people to invest in infrastructure projects with assured monthly returns of 7 to 8 percent.

Small investors will have a big advantage

Nitin Gadkari said that the investment limit for retail investors in this will be Rs 10 lakh, while there will be an assured return of 7-8 percent on investment. Initially, there will be investment opportunities for four road projects. Additionally, Nitin Gadkari discussed the declining rate of bank interest on deposits. Small investors and middle-class people will benefit greatly from this model of government. This is crucial, he said, as banks’ decreased interest rates on savings are an issue for retirees.

Read more: Government employees receive a large gift in terms of a probationary period, and their entire salary is deposited into their accounts.

Expansion of network of national highways

Along with this, Nitin Gadkari talked about the expansion of the network of National Highways in the country and said that the time has come for the country to expand the network of National Highways and it will take to 2 lakh km before the end of 2024. According to the Union Minister, the majority of passenger traffic in the nation travels by road. Additionally, he discussed other road projects construction methods, such as Build Operate Transfer, Hybrid Annuity Model, Engineering Procurement and Construction, and Toll Operate Transfer model.

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