lic epfo investment, Benson, Government scheme to invest LIC, EPFO ​​money in this! – Union govt plans to mandate lic epfo and pension fund to invest their assets in green energy projects

It has been reported that the Government of India is considering LIC and EPFO ​​to invest in green power projects and to invest the government’s pension fund.

According to official sources, the central government is considering investing pension funds in bonds issued by power companies like Power Finance Corporation (PFC), REC, IREDA, and LIC and EPFO.

Public sector insurance company LIC (LIC) and Employees’ Provident Fund Organization (EPFO) have assets worth several lakh crores of rupees. LIC and EPFO ​​have total assets of Rs 50 lakh crore.

There is still a $3 trillion shortfall in investment needed to meet environmental targets by 2070. It has been reported that the government is considering investing pension fund and LIC and EPFO ​​to invest in bonds to overcome this and raise investments.

According to sources, the government is planning to invest only 1% of the assets of LIC and EPFO ​​in bonds for green power projects.

If the government approves the scheme, it is said that the investment committees of LIC and EPFO ​​will also have to get approval. Thereafter LIC and EPFO ​​can invest in bonds for green power projects as mentioned above.

Currently, the total assets of LIC and EPFO ​​are Rs 50 lakh crore. It is worth noting that the value of these assets in dollar terms is 604.87 billion dollars.