The Union Finance Minister announced that a sum of Rs. 20,000 crore has been provisioned in the Union Budget 2021-21 to capitalise Development Financial Institution (DFI).
- The Minister informed that a Bill will be introduced to set up DFI which will act as a provider, enabler and catalyst for infrastructure financing.
- The ambition is to have a lending portfolio of at least Rs. 5 lakh crore for this DFI in three years time, the Minister added.
- The Minister further stated that in order to enable Debt Financing of InVITs and REITs by Foreign Portfolio Investors suitable amendments will be done in the relevant legislations.
- The move is expected to help in augmenting funds for infrastructure and real estate sectors.
