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With reference to the National Infrastructure Investment Fund’s (NIIF’s) debt platform, consider the following statements:
1. The Union Cabinet recently approved the infusion of ₹6,000 crore equity in National Infrastructure Investment Fund’s (NIIF’s) debt platform in the next two years.
2. The NIIF Strategic Opportunities Fund has set up a Debt Platform comprising an NBFC Infra Debt Fund and an NBFC Infra Finance Company.
Which of the statements given above is/are correct?
  • a)
    1 only
  • b)
    2 only
  • c)
    Both 1 and 2
  • d)
    Neither 1 nor 2
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
With reference to the National Infrastructure Investment Fund’s ...
To drive infrastructure creation in the country, the Union Cabinet on Wednesday approved the infusion of ₹6,000 crore equity in National Infrastructure Investment Fund’s (NIIF’s) debt platform in the next two years.
  • Out of the proposed amount, ₹2,000 crore will be infused in the current financial year.
  • NIIF Debt Platform is sponsored by National Investment and Infrastructure Fund (NIIF), comprising of Aseem Infrastructure Finance Limited (AIFL) and NIIF Infrastructure Finance Limited (NIIF-IFL).
  • The NIIF Strategic Opportunities Fund has set up a Debt Platform comprising an NBFC Infra Debt Fund and an NBFC Infra Finance Company.
  • NIIF through its Strategic Opportunities Fund (‘NIIF SOF’) owns a majority position in both the companies and has already invested ~ Rs.1,899 crore across the Platform.
  • The Strategic Opportunities Fund (SOF fund) through which the NIIF investment has been made will continue to support the two companies apart from investing in other suitable investment opportunities.
Hence both statements are correct.
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With reference to the National Infrastructure Investment Fund’s (NIIF’s) debt platform, consider the following statements:1. The Union Cabinet recently approved the infusion of 6,000 crore equity in National Infrastructure Investment Fund’s (NIIF’s) debt platform in the next two years.2. The NIIF Strategic Opportunities Fund has set up a Debt Platform comprising an NBFC Infra Debt Fund and an NBFC Infra Finance Company.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?
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With reference to the National Infrastructure Investment Fund’s (NIIF’s) debt platform, consider the following statements:1. The Union Cabinet recently approved the infusion of 6,000 crore equity in National Infrastructure Investment Fund’s (NIIF’s) debt platform in the next two years.2. The NIIF Strategic Opportunities Fund has set up a Debt Platform comprising an NBFC Infra Debt Fund and an NBFC Infra Finance Company.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about With reference to the National Infrastructure Investment Fund’s (NIIF’s) debt platform, consider the following statements:1. The Union Cabinet recently approved the infusion of 6,000 crore equity in National Infrastructure Investment Fund’s (NIIF’s) debt platform in the next two years.2. The NIIF Strategic Opportunities Fund has set up a Debt Platform comprising an NBFC Infra Debt Fund and an NBFC Infra Finance Company.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to the National Infrastructure Investment Fund’s (NIIF’s) debt platform, consider the following statements:1. The Union Cabinet recently approved the infusion of 6,000 crore equity in National Infrastructure Investment Fund’s (NIIF’s) debt platform in the next two years.2. The NIIF Strategic Opportunities Fund has set up a Debt Platform comprising an NBFC Infra Debt Fund and an NBFC Infra Finance Company.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?.
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