The Central government will infuse equity of Rs 6,000 crore into the National Investment and Infrastructure Fund (NIIF) Debt Platform, subject to certain conditions, the Union Cabinet decided on Wednesday. The platform comprises of Aseem Infrastructure Finance Ltd (AIFL) and NIIF Infrastructure Finance Ltd (NIIF-IFL). On November 12, Union Finance Minister Nirmala Sitharaman had proposed the move under the twelve key measures made by as part of the government's stimulus to the economy, under 'AatmaNirbhar Bharat 3.0'. According to an official communique, the infusion will take place subject to certain conditions. "That only Rs 2,000 crore would be allocated during the current year 2020-21.

 However, in view of the unprecedented financial situation and availability of limited fiscal space due to the prevailing Covid-19, the proposed amount may be disbursed only if there is readiness and demand for debt raising," it said. "NIIF will take all necessary steps to use the equity investments from domestic and global pension funds and sovereign wealth funds expeditiously."

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