28 financial institutions and law firms have already taken the ground in the fintech hub, for which the foundation stone was laid in 2012, a year after Mamata Banerjee ended her three-decade Left rule.
The government on Friday made the process of booking and registration of land online. So far, out of 70 acres, about 48 acres have been allotted.
The government has also eased land acquisition rules for mutual funds here.
Entities other than mutual funds, become eligible for a plot of land in a fintech hub if and only if it has an annual revenue of more than Rs 500 crore every year for three years.
Bandhan Bank has taken two plots in the hub and is planning to build its headquarters here as well as a currency vault and back office, Managing Director Chandra Shekhar Ghosh said at the event to launch the online facility.
State Bank Of India Chief General Manager Ranjan Kumar Mishra said that the bank is looking at its various workspaces and processing centers here.
The hub, which is located in one of the most modern townships adjacent to Kolkata, is expected to be ready in three to four years’ time.