National DFI can fill key gap by funding infra firms in mid-growth stage

DFIs have globally and historically been used to finance a country's development and infrastructure requirements, projects of national importance that might not conform to commercial return standards

The unquestioned central value of infrastructure expenditure.  The budget of February 1, 2021 looks to kickstart the expenditure of Rs 100 trillion national infrastructure pipeline – which is the foundation to achieving a $ 5 trillion GDP economy by 2024-2025.  The multiplier effect of infrastructure to connect markets, power industries and businesses and thereby boost demand as well as complement private investment is universally acknowledged.
 

Launch of NaBID. A bold instrument signaled by the Budget speech is to establish a Development Finance Institution (DFI) called “National Bank for Financing Infrastructure and Development “ (NaBID) through the National Bank for Financing