section 4
Purposes and objectives of Institution.
The National Bank for Financing Infrastructure and Development Act, 2021Finance202148 sections7 chapters
Chapter II ESTABLISHMENT AND INCORPORATION OF INSTITUTION
Statutory text
- (1) The Institution shall have developmental and financial objectives as set out in sub-sections (2) and (3).
- (2) The developmental objective of the Institution shall be to co-ordinate with the Central and State Governments, regulators, financial institutions, institutional investors and such other relevant stakeholders, in India or outside India, to facilitate building and improving the relevant institutions to support the development of long term non-recourse infrastructure financing in India including the domestic bonds and derivatives markets.
- (3) The financial objective of the Institution shall be to lend or invest, directly or indirectly, and seek to attract investment from private sector investors and institutional investors, in infrastructure projects located in India, or partly in India and partly outside India, with a view to foster sustainable economic development in India.
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