The National Bank for Financing Infrastructure and Development (NBFID) Bill, 2021 seeks to create a development finance institution (DFI). In light of this, discuss the challenges DFI face in India. 10 marks

Mentor’s comment- https://www.livemint.com/opinion/columns/nostalgia-holds-lessons-for-new-financial-institutions-11616951998342.html In the intro, mention the Budget announcement of the finance minister about the creation of DFI to finance the infrastructure. In the body, mention the past experience in India about the DFI in which interference from the executive results in the financing of the unviable project, this results in governance issues which … Continue reading The National Bank for Financing Infrastructure and Development (NBFID) Bill, 2021 seeks to create a development finance institution (DFI). In light of this, discuss the challenges DFI face in India. 10 marks