National bank for financing infrastructure and development (NBFID)

 

                               

National bank for financing infrastructure and development (NBFID): 

• National bank for financing infrastructure and development (NBFID) was set up in 2021, as a Development Financial Institution (DFI) corporate body with authorised share capital of one lakh crore rupees. 
• NBFID is the 5th All India Financial Institute (AIFI) 
• NBFID is regulated by RBI.
• At present, GOI owns 100 % ownership in the NBFID.

Functions of NBFID:

• Extending loans and advances for infrastructure projects specially to attain the objectives of National Infrastructure Pipeline (NIP).
• Taking over or refinancing existing loans.
• Attracting investment from private sector investors and institutional investors for infrastructure projects.
• Organising and facilitating foreign participation in infrastructure projects.
• Facilitating negotiations with various government authorities for dispute resolution in the field of infrastructure financing.
• Providing consultancy services in infrastructure financing. It may raise money in the form of loans or otherwise both in Indian rupees and foreign currencies.
• It can borrow funds from GOI, RBI, Scheduled Commercial Banks, mutual Funds, International Institutions like World Bank and Asian Development bank etc.