Infra push: Development Financial Institution proposed to fund projects
By IANS | Published: February 1, 2021 01:04 PM2021-02-01T13:04:02+5:302021-02-01T13:21:33+5:30
New Delhi, Feb 1 To give a push to infrastructure creation and reviving the economy, Finance Minister Nirmala ...
Infra push: Development Financial Institution proposed to fund projects
New Delhi, Feb 1 To give a push to infrastructure creation and reviving the economy, Finance Minister Nirmala Sitharaman on Monday proposed to set up a Development Financial Institution (DFI).
The Finance Minister proposed to create the DFI National Bank for Financing Infrastructure and Development (NaBFID) via a parliamentary bill.
Accordingly, the DFI will be formed with a seed capital of Rs 20,000 crore.
According to the FM, the DFI is expected to give a massive lending push worth around Rs 5 lakh crore till the next three years.
( With inputs from IANS )
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