NaBFID eyes Rs 1 trillion sanctions for new infrastructure projects in 2024-25

The National Bank for Financing Infrastructure and Development (NaBFID) is eyeing fresh sanctions of Rs 1 trillion for new projects and refinancing through structured instruments in 2024-25. Besides lending activity, as part of the development mandate, it would engage with urban local bodies to groom them for raising funds from the market. The share of greenfield projects in sanctions would grow gradually. The funding approvals for such projects were about one-third of the total in 2023-24, and it would rise to 40 per cent in 2024-25.