Economics · Economy

Consider the following statements regarding the National Bank for Financing Infrastructure and Development (NaBFID): I. The NaBFID Act 2021 provides for a Chairperson who must be an eminent person with at least 25 years of experience in the field of infrastructure, finance, or law, and is appointed for a term of five years. II. NaBFID is authorized to perform 'Credit Enhancement' which allows infrastructure projects to improve their credit ratings and access the bond market directly at a lower cost. III. The institution is permitted to provide 'Take-out Financing' which involves taking over a project loan from a commercial bank after the construction phase is completed and the project has stabilized. IV. NaBFID functions as a specialized Development Financial Institution (DFI) rather than a retail scheduled commercial bank accepting demand deposits from the general public. Which of the statements given above are correct?