The government is likely to unveil the structure and final model of the new, large development financial institution (DFI) in the upcoming Union Budget, scheduled to be presented on February 1. Further, it might reveal some more measures to provide easier access to infrastructure financing to aid economic growth.
According to sources, the final draft of the framework, which is being prepared, will have specific mandates for the new entity, along with shareholding and finance structure for specific sectors.
“The new entity will be different and have greater risk-appetite than the existing institutions for infrastructure financing. The emphasis is to create a