Development Bank (For Infrastructure Financing) of India | Budget 2021| IAS Prelims & IAS Mains |

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In the budget of 2021-22, Government of India has put forward the proposal of establishing National Bank for Financing Infrastructure and Development (NBFID). The capital base of NBFID will be Rs. 20,000 crores and will have a lending target of Rs. 5 lakh crores over the next three years.

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