National Bank for Financing Infrastructure and Development (NaBFID)

The National Bank for Financing Infrastructure and Development (NaBFID) is a specialized Development Finance Institution in India.

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NaBFID was set up in 2021, by an Act of the Parliament (The National Bank for Financing Infrastructure and Development Act, 2021), with the essential objectives of addressing the gaps in long-term non-recourse finance for infrastructure development.

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The principal idea behind the setup of NaBFID is to provide a dedicated and specialized institution focused on addressing the long-term financing needs of the infrastructure sector in India.

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The Indian government is taking significant steps in this direction, with the ambitious National Infrastructure Plan (NIP) having outlaid an investment of ₹146 lakh crore across 8,900 diverse infrastructure projects.

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Launched in 2020, the NIP is a pathbreaking initiative that aims to develop world-class infrastructure in the entire country and foster investment opportunities across the sector.

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