Government to fully own the new DFI
ECONOMY & POLICY

Government to fully own the new DFI

The government will have 100% ownership in the new development finance institution (DFI), proposed by Finance Minister Nirmala Sitharaman in the Union Budget 2021, the Department of Economic Affairs, Ministry of Finance (MoF) has stated.

Economic Affairs Secretary Tarun Bajaj told media sources that initially the DFI will be fully government-owned, and will, later on, get more stakeholders depending on its financing needs.

Debashish Panda, Financial Services Secretary, had earlier this week stated that the DFI would be named the National Bank for Financing Infrastructure and Development, or NBFID.


Make in Steel 2021

24 February 

Click for event info


4th Indian Cement Review Conference 2021

17-18 March 

Click for event info


Citing the long term-debt financing needs of infrastructure, the Finance Minister had said during the budget that a professionally managed development finance institution (DFI) is necessary to act as a provider, enabler and catalyst for infrastructure financing.

The Union Budget 2021-22 has provided Rs 20,000 crore to capitalise the institution. The DFI funding of infrastructure seeks to support the implementation of the burgeoned infrastructure outlay. As widely expected, a pandemic recovery plan has dominated a 37% increase in planned infrastructure spending. The plan includes a capital expenditure (capex) target of Rs 5.54 lakh crore for 2021-22, compared with a revised estimate of Rs 4.39 lakh crore for 2020-21.

Image: The Union Budget provides Rs 20,000 crore as capital for the DFI, to be named the National Bank for Financing Infrastructure and Development, or NBFID.


Also read: Infra budget sought, infra budget granted

The government will have 100% ownership in the new development finance institution (DFI), proposed by Finance Minister Nirmala Sitharaman in the Union Budget 2021, the Department of Economic Affairs, Ministry of Finance (MoF) has stated. Economic Affairs Secretary Tarun Bajaj told media sources that initially the DFI will be fully government-owned, and will, later on, get more stakeholders depending on its financing needs. Debashish Panda, Financial Services Secretary, had earlier this week stated that the DFI would be named the National Bank for Financing Infrastructure and Development, or NBFID.Make in Steel 202124 February Click for event info4th Indian Cement Review Conference 202117-18 March Click for event infoCiting the long term-debt financing needs of infrastructure, the Finance Minister had said during the budget that a professionally managed development finance institution (DFI) is necessary to act as a provider, enabler and catalyst for infrastructure financing. The Union Budget 2021-22 has provided Rs 20,000 crore to capitalise the institution. The DFI funding of infrastructure seeks to support the implementation of the burgeoned infrastructure outlay. As widely expected, a pandemic recovery plan has dominated a 37% increase in planned infrastructure spending. The plan includes a capital expenditure (capex) target of Rs 5.54 lakh crore for 2021-22, compared with a revised estimate of Rs 4.39 lakh crore for 2020-21. Image: The Union Budget provides Rs 20,000 crore as capital for the DFI, to be named the National Bank for Financing Infrastructure and Development, or NBFID.Also read: Infra budget sought, infra budget granted

Next Story
Infrastructure Urban

Arya Omnitalk Powers India’s Toll Revolution with AI-Driven Solutions

Arya Omnitalk, a leader in intelligent transportation systems, is revolutionising toll collection across India’s national highways with its advanced AI-powered Toll Management Solutions. Designed for rugged remote toll locations, the company’s cutting-edge technology ensures seamless, reliable, and secure tolling—especially during high-capacity operations exceeding 200%. By integrating real-time analytics, cyber protection, and FASTag-based cashless tolling, Arya Omnitalk’s systems are significantly reducing congestion, improving transparency, and enhancing revenue assurance. Its full..

Next Story
Infrastructure Urban

Over 800 Join Anant Raj Runathon to Mark Earth Day

Over 800 participants came together at Anant Raj Estate, Sector 63A, Gurugram, for the Anant Raj Runathon 2025—a vibrant celebration of Earth Day through fitness, community bonding, and sustainability. Curated by renowned running coach Ravinder, the event featured four categories: 10-mile and 5-mile timed runs, a 5-mile walkathon, and a 1-mile kids’ run. Runners of all ages took to the green, scenic roads of the area—some chasing personal bests, others running for a cause. The Runathon was designed to promote healthy living while raising awareness about sustainable practices. Participa..

Next Story
Infrastructure Urban

PETRONAS Lubricants, Quaker Houghton Ink Strategic Deal

In a significant step towards strengthening industrial operations in India and Malaysia, PETRONAS Lubricants India Pvt. Ltd (PLIPL) and Quaker Houghton have announced a strategic partnership aimed at delivering high-performance industrial fluid solutions to key manufacturing sectors, including steel production. The collaboration combines the strengths of both companies—leveraging PETRONAS Lubricants India’s maintenance lubricant technologies and Quaker Houghton’s deep expertise in metalworking fluids. Starting from the second quarter of 2025, Quaker Houghton will begin offering PETRONAS..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?