"development-finance-institution-dfi"

The government has proposed Rs 20,000 crore to capitalise the institution.

The government is considering a proposal to subsume IIFCL into the proposed DFI.

Further, infra works have been proposed that include building 8,500-km of highways by March 2022.

Unveiling the Union Budget 2021-22, the Finance Minister said that a professionally managed DFI to be set up to provide, enable and catalyze infrastructure financing.