National Bank for Financing Infrastructure and Development | 04 Mar 2024

Recently, the Union Finance Minister chaired a meeting to evaluate the performance of National Bank for Financing Infrastructure and Development (NaBFID),

NaBFID, established by the Government of India in April 2021, is the nation's 5^th All India Financial Institution (AIFI), aimed at fostering long-term non-recourse infrastructure financing.
NaBFID serves both developmental and financial objectives, facilitating credit flow and enhancing infrastructure finance accessibility.
- It plays a pivotal role in advancing India's infrastructure sector by addressing financing gaps through innovative tools like longer tenor loans, blended finance, and partial credit enhancement.
The other 4 AIFIs in India are:
- National Bank for Agriculture and Rural Development
- National Housing Bank (NHB)
- Small Industries Development Bank of India (SIDBI)
- Export-Import Bank of India (EXIM Bank)