Which of the following statements is/are correct with reference to the Development Financial Institution?
A. A Bill will be introduced to set up DFI which will act as a provider, enabler and catalyst for infrastructure financing.
B. A sum of Rs. 20,000 crore has been provisioned in the Union Budget to capitalise Development Financial Institution (DFI).
C. Both A & B
D. None of these
Explanation:
A sum of Rs. 20,000 crore has been provisioned in the Union Budget to capitalise Development Financial Institution (DFI). A Bill will be introduced to set up DFI which will act as a provider, enabler and catalyst for infrastructure financing. To enable Debt Financing of InVITs and REITs by Foreign Portfolio Investors suitable amendments will be done in the relevant legislations.