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 ....
Do You Want to Read More?
Subscribe Now
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material before the last six months of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Related Content
- 1 Spices Board Unveils SPICED Scheme
- 2 10 Years of Make in India
- 3 Centre Notifies Galathea Bay as a Major Port
- 4 Differential Benefits of Electricity in Rural Areas
- 5 PM E-DRIVE Scheme: Accelerating India's Shift to Electric Mobility
- 6 Finance Minister Reviews Performance of RRBs of NE Region
- 7 Vertical Fiscal Imbalance
- 8 Review of the NBFC Sector
- 9 Centenary Celebration of ICAR- NISA
- 10 Centre Launches White Revolution 2.0
- 1 Agroforestry in Silk Sector
- 2 PM-KUSUM Scheme
- 3 Bhartiya Prakritik Krishi Padhati
- 4 Sub-Committee of Insolvency Law Committee
- 5 Business Responsibility and Sustainability Report
- 6 Eastern Rajasthan Canal Project
- 7 Framework for Non-Ferrous Metal Scrap Recycling 2020
- 8 Production Linked Incentive Scheme for Food Processing Industry
