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.