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DFI Will Be Set Up For Long-term Infra Funds

  • 18 Mar 2021

  • The Union Cabinet has approved a bill to set up Development Finance Institution (DFI) with an initial capital infusion of 20 thousand crore rupees.
  • The bill will be tabled in Parliament during the current Budget Session.
  • DFI is expected to raise long-term funds for infrastructure development projects in the country.
  • The initial grant to the DFI will be 5 thousand crore rupees and additional increments of grants will be made within the limit of 5 thousand crore rupees.