Plan In Motion: Cabinet clears development finance institution to raise Rs 3 lakh crore for infrastructure spend

The government expects the DFI to raise as much as Rs 3 lakh crore over the next few years, leveraging the proposed initial capital of Rs 20,000 crore, finance minister Nirmala Sitharaman said after the Cabinet meeting. The Cabinet on Tuesday cleared a Bill to set up a government-owned development finance institution (DFI) and create an enabling ecosystem to draw patient capital and fund long-term infrastructure projects.
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