Current Affairs · Economic Institutions
Considering the establishment of the National Bank for Financing Infrastructure and Development (NaBFID), what is its primary legislative mandate?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1To rely solely on budgetary allocations from the Ministry of Finance without issuing international bonds.
- 2To operate as a subsidiary of the State Bank of India to leverage retail deposits for greenfield projects.
- 3It is a statutory body established under the NaBFID Act, 2021, with the objective of addressing long-term infrastructure financing gaps.✓
- 4To provide short-term working capital to Small and Medium Enterprises (SMEs) under the Companies Act of 2013.
Correct answer
It is a statutory body established under the NaBFID Act, 2021, with the objective of addressing long-term infrastructure financing gaps.
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