• Source:JND
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Fintech City Plot Scheme: Yamuna Expressway Industrial Development Authority (YEIDA) will hold a road show in India's financial capital Mumbai to gather suggestions for the development of Fintech City, which will be a major centre for financial activities in the NCR region near Noida International Airport. Fintech City will be developed on 750 acres in Sector 11. The process of land acquisition for it is underway, jagran.com reported.

YEIDA has already held a meeting in Delhi to invite financial institutions to the Fintech City. Representatives from government and private sector companies involved in various financial activities including banks, payment banks, insurance sector participated in it.

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In Mumbai, YEIDA officials will hold a meeting with representatives of companies and institutions related to this sector. The suggestions of the financial institutions and companies present in Mumbai will be important for the development of Fintech City. Therefore, a meeting with them is being planned. Its date will be decided soon. The work will be done on the Fintech City project by incorporating the suggestions received in the meeting.

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11 Blocks Are Proposed In Fintech City

11 blocks have been proposed in Fintech City. Each block will be designated for one financial activity. This includes banking, insurance, depository, mutual fund, commercial, companies trading in stock exchange and more. There is a plan to develop six blocks in the first phase. Plots will be allotted to financial institutions by preparing a plot plan. The minimum plot size will be 500 square metere.