Cabinet approves Rs 6,000 crore infusion in NIIF debt platform - Hindustan Times
close_game
close_game

Cabinet approves Rs 6,000 crore infusion in NIIF debt platform

New Delhi | ByPress Trust of India | Posted by Niyati Singh
Nov 25, 2020 05:45 PM IST

The Union Cabinet on Wednesday approved equity infusion of Rs 6,000 crore in NIIF Debt Platform sponsored by National Investment and Infrastructure Fund.

The Union Cabinet on Wednesday approved equity infusion of Rs 6,000 crore in NIIF Debt Platform sponsored by National Investment and Infrastructure Fund.

Information and Broadcasting Minister Prakash Javadekar(PTI photo)
Information and Broadcasting Minister Prakash Javadekar(PTI photo)

This was informed by Information and Broadcasting Minister Prakash Javadekar after the Cabinet meeting.

Hindustan Times - your fastest source for breaking news! Read now.

The proposal to invest Rs 6,000 crore as equity into NIIF is part of the Aatmanirbhar Bharat 3.0 package announced earlier this month.

To support the funding of the National Infrastructure Pipeline of Rs 111 lakh crore, Finance Minister Nirmala Sitharaman in her Budget speech this year had said that about Rs 22,000 crore has already been provided.

This would be towards equity support to infrastructure finance companies such as India Infrastructure Finance Company Ltd (IIFCL) and a subsidiary of NIIF, the minister had said.

Unlock a world of Benefits with HT! From insightful newsletters to real-time news alerts and a personalized news feed – it's all here, just a click away!- Login Now!
Stay informed on Business News along with Gold Rates Today, India News and other related updates on Hindustan Times Website and APPs
SHARE THIS ARTICLE ON
Share this article
SHARE
Story Saved
Live Score
OPEN APP
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Thursday, March 28, 2024
Start 14 Days Free Trial Subscribe Now
Follow Us On