TNPSC Thervupettagam

National Investment and Infrastructure Fund

March 31 , 2020 1459 days 722 0
  • The Asian Development Bank announced that it is to invest 100 million USD in National Investment and Infrastructure Fund (NIIF).
  • The National Investment and Infrastructure Funds were set up in 2015.
  • The main purpose of the fund is to aid Greenfield and brownfield projects in the country.
  • The NIIF makes it mandatory that the funds shall be invested in the areas such as transportation, energy, water, housing, waste management.
  • There are three major funds under NIIF. 
  • It includes Master Fund, Fund of Funds and Strategic Investment Fund.

Leave a Reply

Your Comment is awaiting moderation.

Your email address will not be published. Required fields are marked *

Categories