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.
