In a bid to push infrastructure creation in the country, the Union Cabinet on November 25 approved Rs.6000 crore capital infusion in National Investment and Infrastructure Fund’s (NIIF) debt platform over the next two years. This will help the entity to raise Rs 1 lakh crores in debt by 2025 to finance infrastructure projects. Union Minister Prakash Javadekar. The equity infusion will be sponsored by Aseem Infrastructure Finance Limited (AIFL) and NIIF Infrastructure Finance Limited (NIIF-IFL).The government will provide Rs 6,000 crore; the National Investment Infrastructure Fund (NIIF) will provide Rs 7,000 crore equity and nearly Rs 1 lakh crore will be raised from the bond market. The government will invest Rs. 6000 crore as equity and the rest will be raised through the private investors. The proposal to invest Rs.6000 crore as equity into NIIF is a part of the Aatmanirbhar Bharat 3.0 package announced earlier this month.

(Moneycontrol)