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The NBFID bill was passed in Rajya Sabha on 25 March 2021, by which NBFID will be set up as a corporate body with an
authorised share capital of ________ lakh crore rupees.
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- The National Bank for Financing Infrastructure and Development (NBFID) Bill was passed in the Rajya Sabha on March 25, 2021.
- NBFID is established as a corporate body focused on infrastructure financing and development across India.
- The bill seeks to facilitate the funding of infrastructure projects, aiming for enhanced economic growth and development.
- The authorised share capital for NBFID, as specified in the bill, is one lakh crore rupees.
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