Government to fully own the new DFI

09 Feb 2021 Editorial Team

The government will have 100% ownership in the new development finance institution (DFI), proposed by Finance Minister Nirmala Sitharaman in the Union Budget 2021, the Department of Economic Affairs, Ministry of Finance (MoF) has stated.

Economic Affairs Secretary Tarun Bajaj told media sources that initially the DFI will be fully government-owned, and will, later on, get more stakeholders depending on its financing needs.

Debashish Panda, Financial Services Secretary, had earlier this week stated that the DFI would be named the National Bank for Financing Infrastructure and Development, or NBFID.

Make in Steel 2021

24 February

Click for event info

4th Indian Cement Review Conference 2021

17-18 March

Click for event info

Citing the long term-debt financing needs of infrastructure, the Finance Minister had said during the budget that a professionally managed development finance institution (DFI) is necessary to act as a provider, enabler and catalyst for infrastructure financing.

The Union Budget 2021-22 has provided Rs 20,000 crore to capitalise the institution. The DFI funding of infrastructure seeks to support the implementation of the burgeoned infrastructure outlay. As widely expected, a pandemic recovery plan has dominated a 37% increase in planned infrastructure spending. The plan includes a capital expenditure (capex) target of Rs 5.54 lakh crore for 2021-22, compared with a revised estimate of Rs 4.39 lakh crore for 2020-21.

Image: The Union Budget provides Rs 20,000 crore as capital for the DFI, to be named the National Bank for Financing Infrastructure and Development, or NBFID.

Also read: Infra budget sought, infra budget granted

Infrastructure Transport

10 Jul 2026

Uttar Pradesh unveils infrastructure-led growth roadmap at RAHSTA

Mumbai, 9 July 2026: Uttar Pradesh’s ambitious infrastructure-led growth strategy took centre stage on Day 2 of the 16th RAHSTA Expo, where senior government officials outlined how expressways, industrial corridors and technology-driven governance are transforming the state into one of India's most attractive investment destinations.Delivering the keynote address, Srihari Pratap Shahi, IAS, Additional Chief Executive Officer, Uttar Pradesh Expressways Industrial Development Authority (UPEIDA), highlighted the state's long-term vision of integrating world-class expressways with industrial dev..

NCW closes PRIME Offices Fund at Rs 40 billion

Nuvama and Cushman & Wakefield Management (NCW) has announced the final close of its flagship PRIME Offices Fund at approximately Rs 40 billion, exceeding its original target of Rs 30 billion following strong investor demand.The fund was launched to provide Indian investors with access to institutional-grade commercial office assets across key office markets in the country. According to NCW, the increase in the fund size was supported by strong investor participation and the availability of investment opportunities in India's office sector.The fund has already committed around 45 per cent ..

Mayfair Housing adopts Autodesk Forma for digital project planning

Mayfair Housing has entered into a three-year strategic partnership with Autodesk to deploy Autodesk Forma, an AI-enabled cloud platform, as part of its digital transformation programme aimed at improving project planning and execution across its development and redevelopment portfolio.The platform will be integrated into the company's Building Information Modelling (BIM) workflow to support architects, planners and project teams during the early stages of design and development. Autodesk Forma combines real-world data, environmental simulations and collaborative workflows to facilitate data-d..