Question
What is the extent to which IIFCL provides refinance to
eligible borrowing institutions?Solution
Under the Refinance scheme, IIFCL will provide refinance to the banks and financial institutions in respect of their lending to infrastructure projects, and seek to augment flow of funds to NBFC-IFCs/NBFCs set up by the Government of India for financing infrastructure projects meeting specified criteria for refinance. Â IIFCL shall provide refinance up to 80% of the loans outstanding to eligible borrowing institutions.
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