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Govt sets Rs 1-trillion infrastructure lending target for DFI

An action plan is being prepared on making the newly set up DFI functional and operationalising the Rs 1-trillion target

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3 min read Last Updated : Mar 24 2022 | 3:01 AM IST

The Centre has set a target of about Rs 1 trillion for government-backed National Bank for Financial Infrastructure and Development (NaBFID) for sanctioning loans to the infrastructure sector in the next financial year.

The government-backed Development Finance Institution (DFI) will start operations in the first quarter of the next financial year, finance ministry officials have informed lawmakers. To catalyse investment in the fund-starved infrastructure sector, the DFI plans to invest in infrastructure projects in India and outside with a focus towards prioritising systemic risk mitigation and credit enhancement.

An action plan is being prepared on making the newly set up

Topics : India's infrastructure lending economy Finance Ministry

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