On 5th November 2009, CCEA approved a change in the policy on utilization of disinvestment proceeds. In view of the difficult situation caused by the global slowdown of 2008-09 and a severe drought in 2009-10, a one-time exemption was accorded to disinvestment proceeds being deposited into NIF for investment; this exemption was to be operational for period April 2009-March 2012. All disinvestment proceeds obtained during the three-year period were to be used for select Social Sector Schemes allocated for by Planning Commission/Department of Expenditure.
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Salient features of NIF
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