National Bank for Financing Infrastructure and Development (NBFID)
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Question 1
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How many of the following are functions of National Bank for Financing Infrastructure and Development (NBFID):
1. Extending loans and advances for infrastructure projects.
2. Taking over or refinancing the existing loans
3. Attracting investment from private sector investors and institutional investors for infrastructure projects
4. Organising and facilitating foreign participation in infrastructure projects
Select the correct answer using the code given below:
(a) Only one
(b) Only two
(c) Only three
(d) All four
Explanation
The National Bank for Financing Infrastructure and Development (NBFID) is a specialized financial institution established by the Government of India to promote and support infrastructure development in the country. Its primary aim is to meet the long-term financing needs of infrastructure projects, enhance the development of the infrastructure market, and attract both domestic and international investments.
The National Bank for Financing Infrastructure and Development (NBFID) has both financial and developmental goals.
Financial goals involve lending, investing, or attracting investment for infrastructure projects in India, either fully or partially. The central government will decide which sectors are considered part of the infrastructure domain.
Developmental goals focus on helping develop the market for bonds, loans, and other financial products for infrastructure funding.
Key functions of NBFID include:
Offering loans and advances for infrastructure projects.
Taking over or refinancing existing infrastructure loans.
Attracting private and institutional investments for infrastructure projects.
Organizing and encouraging foreign participation in infrastructure projects.
Helping resolve disputes with government authorities related to infrastructure financing.
Providing consultancy services for infrastructure financing.
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