Economics • Indian EconomyMedium
What is the primary mandate of the 'National Investment and Infrastructure Fund (NIIF)' in India?
A. To provide micro-finance loans to rural women self-help groups
B. To act as a quasi-sovereign wealth fund focused on boosting infrastructure investment in commercially viable projects✓ Correct Answer
C. To bail out failing non-banking financial corporations through equity infusion
D. To manage foreign exchange reserves and cushion against rupee volatility
💡 Solution & Explanation
The National Investment and Infrastructure Fund functions as a quasi-sovereign wealth fund established by the Government of India to maximize economic impact through infrastructure investments in commercially viable projects. Distractor options incorrectly associate it with micro-finance operations or distressed bank equity bailouts, which are handled by separate specialized institutions. It leverages both domestic and international capital to finance greenfield and brownfield projects. NIIF was set up in the year 2015 with a corpus structured across multiple alternative investment funds.
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