In Budget 2021, Expect A New Nationalised Bank, To Exclusively Fund, Monitor Infrastructure Development
by Swarajya Staff - Jan 25, 2021 10:53 AM
Finance Minister Nirmala Sitharaman.
Snapshot
The bank will have an authorised capital of Rs 100,000 crore, with an initial paid-up capital of Rs. 20,000 crore, along with a possible direct line of credit access to RBI.
As we already know, budget 2021-22 will lay special emphasis on Infrastructure building, along with some increased health expenditure, as Finance Minister Nirmala Sitharaman has said on several occasions.
In the budget 2021-22, the government will increase expenditure on infrastructure to recover the economy and generate more employment.