National Bank for Financing Infrastructure and Development

The Union Finance Minister has announced in the Union Budget 2021-22 that India will set up a new development finance institution called the National Bank for Financing Infrastructure and Development (NBFID).

  • The institution will be set up on a capital base of Rs 20,000 crore and will have a lending target of Rs 5 lakh crore in three years.
  • A Bill has been listedin parliament to set up NBFIDand it describes the institution as a provider, enabler and catalyst for infrastructure financing and as the principal financial institution and development bank for building and sustaining a supportive ecosystem across the life-cycle of ....
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Indian Economy