- Research/Scholar Paper name – “Analysis of National bank for financing infrastructure and development bill, 2021”
- Author: Agrata Jain
- Institution: Kalinga Institute of Industrial Technology, Bhubaneswar, Odisha
- Affiliation: Centre for Study of Contemporary Legal Issues
- Date of Publication: 03/09/2021
The National Bank for Financing Infrastructure and Development Bill, 2021 (the Bill) was introduced in Lok Sabha in March 2021. As per the bill, the National Bank for Finance and Infrastructure Development (NBFID) will be the primary development finance institution (DFI) for infrastructure financing. In parts of the economy where risk levels are too high for commercial banks and other traditional financial institutions, DFIs provide long-term financing. Unlike banks, DFIs don’t accept deposits from individuals. Multilateral organizations, the government, the market, and the government also provide loan guarantees. This paper studies the National Bank for Financing Infrastructure and development Bill,2021 in detail along with its establishment, powers and functions, purpose, advantages and other factors.