Consider the following statements about National Investment and Infrastructure Fund:

It is a government-backed entity.

The government has a 51% stake in NIIF.

It was set up as a Category-III Alternate Investment Fund.

Which of the statements given above is/are correct?

Question

National Investment and Infrastructure Fund (NIIF) is a government-backed entity established to provide long-term capital to the country’s infrastructure sector.
The Indian government has a 49% stake in NIIF with the rest held by foreign and domestic investors.
With the Centre’s significant stake, NIIF is considered India’s quasi-sovereign wealth fund.
It was set up in December 2015 as a Category-II Alternate Investment Fund.

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National Investment and Infrastructure Fund (NIIF) is a government-backed entity established to provide long-term capital to the country’s infrastructure sector.
The Indian government has a 49% stake in NIIF with the rest held by foreign and domestic investors.
With the Centre’s significant stake, NIIF is considered India’s quasi-sovereign wealth fund.
It was set up in December 2015 as a Category-II Alternate Investment Fund.

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