FM's 'Mool Mantra': Can't dodge fiscal deficit, has to be carefully tackled

Sitharaman asserts while govt can give stimulus, long-term infra financing is job of DFIs. Private players in this space will make funding competitive

Finance minister Nirmala Sitharaman on Monday expressed the hope that many private development finance institutions (DFIs) would come up, making the entire process of funding infrastructure competitive. 

"It is not the job of just one DFI, but it is an opportunity for private DFIs to come into play. With many private DFIs competing, the entire process would become competitive," she said in a virtual event, Demystifying Union Budget 2021-22, organised by the PHD Chamber of Commerce and Industry.

Sitharaman mentioned that the government can give stimulus package to revive the economy, however, long-term infrastructure financing is the job of DFI.