Lok Sabha passes National Bank for Financing Infrastructure and Development Bill, 2021

Last updated: 26 March 2021

The National Bank for Financing Infrastructure and Development Bill, 2021 has been passed by both the Lok Sabha and Rajya Sabha. The bill sets up The National Bank for Financing Infrastructure and Development (NaBFID) for the following purpose:

Lok Sabha passes National Bank for Financing Infrastructure and Development Bill, 2021
  • To support the development of long term non-recourse infrastructure financing in India
  • To develop the bonds and derivatives markets necessary for infrastructure financing
  • To carry on the business of financing infrastructure
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