Allows financial institutions that funded these schemes to complete them
In order to revive the stuck slum redevelopment schemes in Mumbai, the Maharashtra government has approved an amnesty scheme under which financial institutions that are registered with the Reserve Bank of India (RBI), Securities and Exchange Board of India (SEBI) and the National Housing Bank (NHB) and have financed stuck schemes will be allowed to take over redevelopment of the stuck projects.
Source – Money Control
