Quick Summary
The Finance Ministry has notified a concessional government guarantee fee of just 0.1% for the National Bank for Financing Infrastructure and Development (NaBFID) on borrowings from select international institutions. This is expected to ease the cost of foreign borrowing and further strengthen NaBFID's ability to support India's long-term infrastructure needs. Key Highlights of the Notification Applicable Rate: A concessional 0.1% fee on government guarantees for borrowings from multilater
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FAQ :
The Finance Ministry has notified a concessional government guarantee fee of 0.1% for NaBFID's borrowings from select international institutions.
The concessional rate applies to borrowings from multilateral institutions, sovereign wealth funds, and other specified foreign entities.
Yes, the rate may be reduced further upon approval for borrowings directly aligned with Central government-mandated purposes, provided NaBFID submits full details for consideration.
Guarantee fees are to be paid at the time of securing the guarantee and annually on April 1st thereafter.
NaBFID has received a Baa3 (Stable) rating from Moody's Ratings and a BBB-(Stable) rating from Fitch Ratings.
NaBFID was set up to address the long-term financing gap in key infrastructure sectors like transport, energy, urban development, and digital infrastructure in India.
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