How can a development finance institution help the steel and cement companies?

SECTIONS
How can a development finance institution help the steel and cement companies?
By
, ET Bureau
Share
Font Size
AbcSmall
AbcMedium
AbcLarge
Save
Print
Comment
Synopsis

“Infrastructure needs long term debt financing. A professionally managed Development Financial Institution is necessary to act as a provider, enabler and catalyst for infrastructure financing. Accordingly, I shall introduce a Bill to set up a DFI,” said finance minister, Nirmala Sitharaman while announcing the union budget.

Agencies
A DFI is a development bank that provides risk capital for economic development projects that are owned by governments or charitable institutions to provide funds for projects that would otherwise not be able to get funds from commercial lenders.

Related

Read More News on

(Catch all the Business News, Breaking News Events and Latest News Updates on The Economic Times.)

Download The Economic Times News App to get Daily Market Updates & Live Business News.

Read before you invest. Insights on IDBI Bank Ltd.. Explore Now