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Banks, financial institutions (FIs), and newly established National Bank for Financing Infrastructure Development should play a proactive role in financing projects under the National Infrastructure Pipeline (NIP) to avoid crowding out of private investment, Vivek Joshi, secretary at the Department of Financial Services (DFS), said on Thursday.
“There is a need for a proactive and strategic approach to be adopted by the banks, FIs, and Development Finance Institutions (DFIs). It is only then that the crowding out of investments can be avoided and projects of national importance will be able to access timely and reasonable financing,” Joshi said at the
