Which of the following statements is/are correct with reference to the National Bank for Financing Infrastructure and Development Bill, 2021?

Which of the following statements is/are correct with reference to the National Bank for Financing Infrastructure and Development Bill, 2021?

A. The bill seeks to establish the National Bank for Financing Infrastructure and Development.

B. Its objective is to support the development of long-term non-recourse infrastructure financing in India including development of the bonds and derivatives markets.

C. Both A & B

D. None of these

Explanation:

Finance Minster Nirmala Sitharaman introduced the National Bank for Financing Infrastructure and Development (NaBFID) Bill 2021 in the Lok Sabha to pave the way for setting up of a government-owned development finance institution to help fund about 7,000 infra projects under the National Infrastructure Pipeline. The bill seeks to establish the National Bank for Financing Infrastructure and Development. Its objective is to support the development of long-term non-recourse infrastructure financing in India including development of the bonds and derivatives markets necessary for infrastructure financing and to carry on the business of financing infrastructure.