Rapid Fire
National Bank for Financing Infrastructure and Development
- 04 Mar 2024
- 1 min read
Recently, the Union Finance Minister chaired a meeting to evaluate the performance of National Bank for Financing Infrastructure and Development (NaBFID),
- NaBFID, established by the Government of India in April 2021, is the nation's 5th All India Financial Institution (AIFI), aimed at fostering long-term non-recourse infrastructure financing.
- NaBFID serves both developmental and financial objectives, facilitating credit flow and enhancing infrastructure finance accessibility.
- It plays a pivotal role in advancing India's infrastructure sector by addressing financing gaps through innovative tools like longer tenor loans, blended finance, and partial credit enhancement.
- The other 4 AIFIs in India are:
- National Bank for Agriculture and Rural Development
- National Housing Bank (NHB)
- Small Industries Development Bank of India (SIDBI)
- Export-Import Bank of India (EXIM Bank)
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