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NaBFID targets ₹1-tr infra funding in next fiscal

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The Centre has set a target of ₹1 trillion for the government-backed National Bank for Financial Infrastructure and Development (NaBFID). An action plan is being prepared on making the newly set up DFI functional. The DFI will provide funding to projects in the public as well as private sector.

The government has infused ₹20,000 crore as equity in the DFI and an additional grants to NaBFID. Most of this demand was met through savings or allocation of unspent funds of other departments. The Centre had sought an additional outgo of ⁹13,050 crore for transferring DFI to the DWP.

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