Government to set up Rs 20,000 crore DFI to promot infra financing

Government to set up Rs 20,000 crore DFI to promot infra financing

Finance Minister Nirmala Sitharaman on Monday said the government will set up a Rs 20,000 crore Development Finance Institution (DFI) with a view to mobilise Rs 111 lakh crore required for funding of the ambitious national infrastructure pipeline."Through this, we expect to raise a considerable amount through the market,” the Nirmala Sithraman said.She added that the DFI is expected to raise up to Rs 3 lakh crore in the next few years.The government expects to rope in marquee pension funds, sovereign funds to come in through the DFI to fund infra projects in the country. The bill will now be tabled in Parliament during the current Budget Session. 


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