Mumbai: The government is planning to come out with new financial instruments that would attract investments from NRIs over a longer term, finance minister P Chidambaram told a congregation of overseas Indians at the Pravasi Bharatiya Divas seminar.

Chidambaram asked them to bring their expertise to put agriculture on a sustained growth path of not less than four per cent in a year so that fruits of growth could reach every section of society.

Pointing out that NRI remittances to India, on an average are of three-year duration, the finance minister asked them to expand their horizon to bring longer term money for at least 10 years, as well as their expertise in various fields into the country.

He promised NRIs that the government would bring new financial instruments and institutions to help them bring longer-term money and their knowledge base into India.