section 21
Grants and contribution.
The National Bank for Financing Infrastructure and Development Act, 2021Finance202148 sections7 chapters
Chapter V GOVERNMENT GRANTS, GUARANTEES AND OTHER CONCESSIONS
Statutory text
- (1) The Central Government may support the Institution through grants or contribution, as and when necessary, in the form of cash or marketable Government securities.
- (2) Without prejudice to the generality of the foregoing, the Central Government shall, by the end of the first financial year from the establishment of Institution, grant or contribute an amount of five thousand crore rupees to the Institution in the form of cash or marketable Government securities.
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