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Govt sets Rs 1-trillion infrastructure lending target for DFI for 2022-23

Govt sets Rs 1-trillion infrastructure lending target for DFI for 2022-23

The Centre has set a target of about Rs 1 trillion for government-backed National Bank for Financial Infrastructure and Development (NaBFID) for sanctioning loans to the infrastructure sector in the next financial year i.e 2022-23.

NaBFID is a government-backed Development Finance Instit­ut­ion (DFI) and will start operations in the first quarter of 2022-23. KV Kamath is the chairman of NaBFID.

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