Quick Summary
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:
- 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
FAQ :
It is a bill passed by the Lok Sabha and Rajya Sabha that establishes the National Bank for Financing Infrastructure and Development (NaBFID).
NaBFID is set up to support the development of long-term non-recourse infrastructure financing in India.
NaBFID will help develop the bonds and derivatives markets that are necessary for infrastructure financing.
NaBFID will carry on the business of financing infrastructure.
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