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- DFI Will Be Set Up For Long-term Infra Funds
DFI Will Be Set Up For Long-term Infra Funds
- The Union Cabinet has approved a bill to set up Development Finance Institution (DFI) with an initial capital infusion of 20 thousand crore rupees.
- The bill will be tabled in Parliament during the current Budget Session.
- DFI is expected to raise long-term funds for infrastructure development projects in the country.
- The initial grant to the DFI will be 5 thousand crore rupees and additional increments of grants will be made within the limit of 5 thousand crore rupees.
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