Tamil Nadu government gives sovereign guarantee for temple funds deposited in power finance corporation
The Tamil Nadu government has provided a sovereign guarantee for temple funds deposited in the Tamil Nadu Power Finance and Infrastructure Development Corporation. This decision was made in response to concerns raised in a public interest litigation regarding the safety of these deposits. The court has scheduled a hearing for the case in six weeks.
- ▪The Tamil Nadu government has extended a guarantee for the safety of temple funds deposited with TNPFIC.
- ▪The guarantee was issued pending the outcome of a public interest litigation filed by temple activist T.R. Ramesh.
- ▪The government assured that the funds deposited are highly safe and have a consistent track record of timely repayments.
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The Tamil Nadu government, on Friday (May 29, 2026), gave a sovereign guarantee for the security of temple funds deposited in Tamil Nadu Power Finance and Infrastructure Development Corporation (TNPFIC), a State owned non-banking finance corporation (NBFC) that funds Tamil Nadu Power Generation and Distribution Corporation (TANGEDCO).In a memo filed before Justices G.R. Swaminathan and V. Lakshminarayanan, Hindu Religious and Charitable Endowments (HR&CE) department secretary J.
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