IIFCL

IIFCL is a state owned company that functions as a non-bank lender. It was set up in 2006 to extend long term finances to infrastructure projects. A parliamentary bill seeks to expand the scope of IIFCL or India Infrastructure Finance Company Ltd to match that of China Development Bank (largest of its kind). The bill will change the IIFCL into a developmental finance institution with wider coverage of infrastructure projects.