National Bank for Financing Infrastructure and Development Bill, 2021

The on-going budget session of the Parliament would witness the introduction of the National Bank for Financing Infrastructure and Development Bill, 2021. This bill is aimed at boosting funding for infrastructure projects by establishing a new development finance institution (DFI). The proposed institution will be backed by the government. It will offer finances to infrastructure projects, including those under the National Infrastructure Pipeline. It is expected to enhance and sustain the infrastructure growth of the country.