National Investment and Infrastructure Fund (NIIF):-
National Investment and Infrastructure Fund (NIIF) is a fund created by the Government of India for enhancing infrastructure financing in the country.
Its creation was announced in the Union Budget 2015-16. NIIF got registered with SEBI as Category II Alternative Investment Fund (AIF) on December 28, 2015.
The objective of NIIF would be to maximize economic impact mainly through infrastructure development in commercially viable projects, both greenfield and brownfield, including stalled projects.
It could also consider other nationally important projects, for example, in manufacturing, if commercially viable.
NIIF is not a single entity. There can be more than one fund. The NIIF will be established as one or more Alternate Investment Funds (AIF).
Financial Times (London) had adjudged NIIF as the Most Innovative structure in Asia Pacific under Finance category.
***Note :- Don't Confuse it with NIF(National Investment Fund) these are different.
National Investment and Infrastructure Fund (NIIF) is a fund created by the Government of India for enhancing infrastructure financing in the country.
Its creation was announced in the Union Budget 2015-16. NIIF got registered with SEBI as Category II Alternative Investment Fund (AIF) on December 28, 2015.
The objective of NIIF would be to maximize economic impact mainly through infrastructure development in commercially viable projects, both greenfield and brownfield, including stalled projects.
It could also consider other nationally important projects, for example, in manufacturing, if commercially viable.
NIIF is not a single entity. There can be more than one fund. The NIIF will be established as one or more Alternate Investment Funds (AIF).
Financial Times (London) had adjudged NIIF as the Most Innovative structure in Asia Pacific under Finance category.
***Note :- Don't Confuse it with NIF(National Investment Fund) these are different.
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