12-04-2021 | 16:05 PM
National Bank for Financing Infrastructure and Development Bill
• Parliament has passed the “National Bank for Financing Infrastructure and Development Bill, 2021” (NBFID Bill) which seeks to establish a National Bank for Financing Infrastructure and Development to support ‘infrastructure financing’ across the country.
• NBFID would work as a principal development financial institution (DFIs). It includes the development of bonds and derivatives markets which are required for infrastructure financing.
About National Bank for Financing Infrastructure and Development (NBFID):
• NBFID will be set up as a corporate statutory body, which will have the authorized share capital of one lakh crore rupees along with financial and developmental objectives.
• It will act as a catalyst for the ecosystem of infrastructure funding.
