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Bill in the works to have two sets of DFIs: Govt and private

Currently, some entities are working as a kind of DFI in their niche areas such as Indian Railway Finance Corporation, National Bank for Agriculture and Rural Development, and Small Industries Develop

Topics
Finance Ministry | central government | private sector

Shrimi Choudhary & Nikunj Ohri  |  New Delhi 

There are likely to be two sets of development financial institutions (DFIs) — one, fully-owned by the government, and the other, by private sector entities. The legislation to this effect is being prepared by the finance ministry.

The government-owned DFI will be completely owned by the Centre initially, and it can reduce its stake eventually to 26 per cent. “So, there are two things – one, this is initially a government DFI, and over a period of time here also, some private partners should come. Second, the new legislation does not stop any private person or ...

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First Published: Thu, February 04 2021. 06:10 IST
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