National Infrastructure and Investment fund (NIIF)

  • Announced in Budget 2015 speech by finance minister Arun Jaitly
  • To Increase the investment flow to Infrastructure projects
  • To Attract investments from domestic and international sources
  • Corpus of 20000 crores rupees
  • Govt contribution would be 49%
  • Govt seek participation from
    • Strategic investors such as sovereign funds,quasi sovereign funds
    • multilateral ,bilateral investors
  • Cash ricj PSUs,Pension funds,Provident funds,National small savings fund can be able to take the stake in the fund
  • Govt contribution in the current fiscal year is 20000 crores and expecting another 20000 crores from sovereign wealth funds

http://www.arthapedia.in/index.php?title=National_Investment_and_Infrastructure_Fund_(NIIF)

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