- The text mentions “NIIF” (National Investment and Infrastructure Fund).
- It does not mention “NIF” (National Investment Fund) in this section.
- NIIF (National Investment and Infrastructure Fund):
- Established in 2015 as a trust, registered with SEBI as Category II AIF.
- Aims to attract investment from domestic and international sources.
- Funds commercially viable Greenfield, Brownfield, and stalled projects in infrastructure.
- Gets funds from overseas sovereign/quasi-sovereign/multilateral/bilateral investors.
- Also from cash-rich central PSUs, provident funds, insurance funds, and market borrowings.
- Invests in infrastructure projects through equity and debt.
- Also invests in NBFCs and FIs involved in infrastructure financing.