National Investment and Infrastructure Fund (NIIF)

Share with Your Friends

National Investment and Infrastructure Fund (NIIF)

  • Recently the 5th Governing Council (GC) meeting of the National Investment and Infrastructure Fund (NIIF) was held.
  • The GC is chaired by the Finance Minister. It comprises members from the corporate, investment and policy sectors.
  • Backed by the Government of India, NIIF is a collaborative investment platform for international and Indian investors.
  • Which has been formed to create a National Infrastructure Pipeline for each year from the financial year 2019-20 to the financial year 2024-25.
  • These funds have been set up to invest in India by raising capital from domestic and international institutional investors.
  • First Bilateral Fund of NIIF: Recently, an India-Japan Fund has been proposed.

National Investment and Infrastructure Fund (NIIF)

  • The National Investment and Infrastructure Fund (NIIF) is a fund created by the Government of India to provide solutions to the financial problems facing the infrastructure sector in the country and ensure funding.
  • NIIF was set up with a corpus of Rs 40,000 crore, partly funded by private investors.
  • Its objective is to provide funding to infrastructure projects including stalled projects.
  • The Government of India holds 49% stake in NIIF and the rest is held by foreign and domestic investors.
  • NIIF is considered India’s quasi-sovereign wealth fund, with a significant stake from the Centre.
  • Across its three funds – Master Fund, Fund of Funds and Strategic Fund, it manages over $3 billion in capital.
  • Its registered office is at New Delhi.

Source – The Hindu

Download Our App

More Current Affairs

Click to Join Our Current Affairs WhatsApp Group

Join Our Whatsapp Group For Daily, Weekly, Monthly Current Affairs Compilation & Daily Mains Answer Writing Test & Current Affairs MCQ

In Our Current Affairs WhatsApp Group you will get daily Mains Answer Writing Question PDF and Word File, Daily Current Affairs PDF and So Much More in Free So Join Now

Register For Latest Notification

Register Yourself For Latest Current Affairs

December 2022
M T W T F S S
« Nov    
 1234
567891011
12131415161718
19202122232425
262728293031  

Mains Answer Writing Practice

Recent Current Affairs (English)

Current Affairs (हिन्दी)

Subscribe Our Youtube Channel

Register now

Get Free Counselling Session with mentor

Download App

Get Youth Pathshala App For Free

Open chat
1
Youth Destination IAS . PCS
To get access
- NCERT Classes
- Current Affairs Magazine
- IAS Booklet
- Complete syllabus analysis
- Demo classes
https://online.youthdestination.in/