What is India to set up development finance institutions to fund infra projects?
What is India to set up development finance institution to fund infra projects?
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India’s cabinet approved the establishment of a development financial institution (DFI) with a fund worth 200 billion rupees ($2.8 billion) to boost investment in infrastructure projects.
About the Development Finance Institution (DFI)
The Development Finance Institution (DFI) are organizations that are either owned by the government or by charitable institutions to finance infrastructure projects that are of national importance but may or may not meet commercial return standards.
Types of Finances by DFIs: