National Bank for Financing Infrastructure and Development Bill, 2021 to be introduced in Lok Sabha today

The bill seeks to establish the National Bank for Financing Infrastructure and Development.

Finance Minister Nirmala Sitharaman will introduce the National Bank for Financing Infrastructure and Development Bill, 2021 in the Lok Sabha today. The bill seeks to establish the National Bank for Financing Infrastructure and Development.

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Its objective is to support the development of long-term non-recourse infrastructure financing in India including development of the bonds and derivatives markets necessary for infrastructure financing and to carry on the business of financing infrastructure.

Besides, in today’s business of the Lok Sabha, the Finance Bill, 2021 and the Government of National Capital Territory of Delhi (Amendment) Bill, 2021 are also listed. In the Rajya Sabha business schedule, the Appropriation Bill, 2021 is listed for consideration and return.

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