IIFCL to fund iconic but unviable projects, discussions underway for restructuring

The Ministry of Finance is set to revamp the operations of India Infrastructure Finance Company Limited (IIFCL) with the government tasking it with funding projects of social and national importance. Apart from its current role of financing infrastructure projects on commercial terms, IIFCL will also be mandated to finance projects which are socially desirable and strategically important, but commercially unviable. As a first step, discussions are under way to move IIFCL from one wing of the Ministry of Finance, the Department of Financial Services, to another, the Department of Economic Affairs.

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