SIDBI on behalf of the government has floated Request for Proposal (RFP) inviting bids from consultants to help set up Rs 20,000 crore DFI called National Bank for Financing Infrastructure and Development (NaBFID) to catalyse investment in fund-starved infrastructure sector.
Consider the following statements regarding the National Bank for Financing Infrastructure and Development Bill, 2021:
Which of the above statements are correct?
The limitations of commercial banks and other ordinary financial institutions in providing long-term finance to the infrastructure has led to the passing of National Bank for Financing Infrastructure and Development (NaBFID) Bill, 2021. Elucidate. (250 words)
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