Posted by : The Caspian Debt Team Budget 2021: Government sets-up dfi looks to disburse Rs 5 lakh crore
The central government has announced setting up of a Development Finance Institutions to boost infrastructure financing.
Finance Minister Nirmala Sitharaman said, “Infrastructure needs long term debt financing. A professionally managed Development Financial Institution is necessary to act as a provider, enabler and catalyst for infrastructure financing. Accordingly, I shall introduce a Bill to set up a DFI. I have provided a sum of `20,000 crores to capitalise this institution. The ambition is to have a lending portfolio of at least `5 lakh crores for this DFI in three years time.”