National Bank for Financing Infrastructure and Development (NaBFID).

The National Bank for Financing Infrastructure and Development (NaBFID) is a financial institution established in 2021 under an Act of Parliament. Its primary objective is to provide long-term financing and development support for infrastructure projects in India.

NaBFID aims to address the financing gaps in the infrastructure sector in India by providing long-term financing to infrastructure projects, supporting the development of infrastructure as an asset class, and promoting sustainable and inclusive infrastructure development.

NaBFID provides a wide range of financial products and services to infrastructure projects, including debt financing, mezzanine financing, and other related services. It also provides advisory services to support the growth and development of infrastructure projects in India.

NaBFID has been established as a development bank with an authorized capital of INR 1 lakh crore (approximately USD 13.5 billion). It is also empowered to raise funds from the market, issue bonds, and mobilize resources from other sources.

NaBFID is expected to play a crucial role in supporting the growth and development of infrastructure projects in India, which is essential for the economic development of the country. It is also expected to support the government’s initiatives such as the National Infrastructure Pipeline (NIP) and the Smart Cities Mission.

In conclusion, the National Bank for Financing Infrastructure and Development (NaBFID) is a financial institution in India that provides long-term financing and development support for infrastructure projects in the country. It aims to address the financing gaps in the infrastructure sector and promote sustainable and inclusive infrastructure development. NaBFID provides a wide range of financial products and services to infrastructure projects and provides advisory services to support their growth and development. It is expected to play a crucial role in supporting the growth and development of infrastructure projects in India and support the government’s initiatives in this regard.