National Bank For Financing Infrastructure And Development : Increase The Capital Base
The government wants to increase the capital base of the National Bank for Financing Infrastructure and Development, or NaBFID, to 1 trillion through support from banks.
- National Bank for Financing Infrastructure and Development was set up in 2021, by an Act of the Parliament(The National Bank for Financing Infrastructure and Development Act, 2021).
- It is a specialized Development Finance Institutionin India.
- Objectives is Addressing the gaps in long-term non-recourse finance for infrastructure development, strengthening the development of bonds and derivatives markets in India, and sustainably boosting the country’s economy.
- Regulated by and supervised by RBIas an All-India Financial Institution (AIFI).
- The principal idea behind the setup of NaBFID is to provide a dedicated and specialized institution focused on addressing the long-term financing needs of the infrastructure sector in India.
