About National Bank for Financing Infrastructure and Development:
- It is a specialized Development Finance Institution in India.
- It is aimed at supporting the country’s infrastructure sector, which can significantly gain from an enabling credit flow by means of attractive instruments and channelized investment.
- NaBFID was set up under The National Bank for Financing Infrastructure and Development Act, 2021.
- Objectives: Addressing the gaps in long-term non-recourse finance for infrastructure development, strengthening the development of bonds and derivatives markets in India, and sustainably boosting the country’s economy.
- Regulated by: It shall be regulated and supervised by RBI as an All-India Financial Institution (AIFI).
- 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.
