National Bank for Financing Infrastructure and Development Bill 2021
On 25th March, 2021, the Parliament passed the National Bank for Financing Infrastructure and Development Bill, 2021, which seeks to establish the National Bank for Financing Infrastructure and Development (NBFID) to support the infrastructure financing in the country.
Need
- Development finance is highly risky and takes a long time as gestation periods are long, and it also needs a higher credit cost to be included.
- About 7,000 projects have been identified under the National Infrastructure Pipeline (NIP) with a projected investment of a whopping Rs 111 lakh crore during 2020-25.
Objectives
- To directly or indirectly lend, invest, or attract investments for ....
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