General Studies · Financial Institutions
The National Bank for Financing Infrastructure and Development (NaBFID) has been approached by a private consortium planning to build a greenfield solar power plant in Rajasthan requiring long-term funding. Which of the following describes the correct role of NaBFID in this case?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1NaBFID regulates tariff rates for renewable energy projects.
- 2NaBFID provides long-term finance for infrastructure projects and can offer credit enhancement.✓
- 3NaBFID provides only short-term trade finance for exporters.
- 4NaBFID cannot finance renewable energy projects.
Correct answer
NaBFID provides long-term finance for infrastructure projects and can offer credit enhancement.
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