Modi govt’s plan for a Development Finance Institution will reduce infra burden on banks

Monetisation of oil and gas pipelines, airports, Railways' infrastructure can generate huge sums of money for Modi government’s infra push. But implementation is key. One of the key highlights of the Narendra Modi government’s Budget for 2021-22 is the major boost to infrastructure. The emphasis on infrastructure spending in place of cash handouts will likely spur economic activity and give an impetus to employment generation. The Budget has laid out a comprehensive plan for asset monetisation that will act as a tool for financing new infrastructure.