EXCLUSIVE | Budget 2021-22 may spell out plans for new development finance institution

Such a DFI is expected to be partially owned by the government and would fund infrastructure projects that banks and other lenders are wary of funding due to long gestation periods. It is a possibility that the India Infrastructure Finance Company could be merged with the new DFI.

from Moneycontrol Latest News https://www.moneycontrol.com/news/business/exclusive-|-budget-2021-22-may-spell-out-plans-for-new-development-finance-institution_14667201.html