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Budget 2021: Massive Spending Commitment For Infra; New Dfi On The Cards | Business Standard News

by business-standard.com posted 3weeks ago 15 views
Institution to have Rs 20,000-cr initial capital; Rs 5-trn lending portfolio target in 3 yrs. : The creation of a development finance institution (DFI) will meet one of the major demands of the infrastructure sector. This will not be the first time such an institution will be created for meeting the long-term financing needs of the sector. Union Finance Minister Nirmala Sitharaman announced that a new law will be enacted to create the institution, which will be a provider, enabler, and catalyst for infrastructure financing.

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