INDIA INFRASTRUCTURE FINANCE COMPANY LIMITED (IIFCL)
Feb. 24, 2019
The Government of India is planning to channelise India Infrastructure Finance Company Limited (IIFCL) for financing social sector infrastructure projects i.e. educational and health infrastructure projects.
Recent decision:
For this purpose, the government will provide additional capital to IIFCL and also amend certain existing infra investment norms to facilitate this.
The interim Budget 2019-20 raised the capital support for IIFCL to Rs 500 crore for next financial year as compared to Rs 100 crore in 2018-19.
The government had earlier planned to set up a new subsidiary of IIFCL to carry out such investments. But that proposal was subsequently dropped.
Changes in the Scheme for Financing Viable Infrastructure Projects (SIFTI) guidelines, which govern IIFCL’s investment in infra sector, are being finalized to enable social sector investment and loans by the company.
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