GOI Increased the authorized capital of IIFCL

The Union Cabinet chaired by Prime Minister Narendra Modi has approved the proposal for increasing the authorized capital of India Infrastructure Finance Company Limited(IIFCL) from Rs.6000 crore to Rs.25000 crore.
The Cabinet has also approved the proposal for providing additional equity support to IIFCL to the tune of Rs. 5300 crore in financial year 2019-20 and Rs. 10000 crore in financial year 2020-21. This will be done through regular Budgetary support and / or through issuance of recapitalization bonds.
This will enable IIFCL to create requisite headroom for borrowing, thus enabling it to finance big ticket infrastructure projects in line with Government of India's target to invest Rs. 100 lakh crore in infrastructure sector over the next five years.
IIFCL, a wholly-owned Government of India (Gol) company set up in 2006, is the principal entity which provides long term finance to viable infrastructure projects across sectors.It is a Non-Banking Financial Company - Infrastructure Finance Company (NBFC-IFC) registered with RBI since September, 2013.The authorised capital and the paid up capital of the company as on date stand at Rs. 6000 crore and Rs. 4702.32 crore respectively.