HoR paves legal way for Alternative Development Finance Fund
▸ Part of: House of Representatives Passes Alternative Development Finance Bill Amidst Opposition
The House of Representatives passed the Alternative Development Finance Mobilization Bill, 2026, establishing the legal foundation for an Alternative Development Finance Fund with an authorized capital of Rs 100 billion. The government will hold a 51% stake, with other funds and insurance companies holding the rest. The Fund will invest in infrastructure projects, raise capital through debentures and bonds, and act as a financial intermediary.
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