What does Niif stand for?
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Are NIF and Niif same?
Answer: C) NIIF and NIF (National Investment Fund) are the names of the same organization.
Is Niif an alternative investment fund?
National Investment and Infrastructure Fund (NIIF) was set up as a sovereign wealth fund and is registered with the Securities and Exchange Board of India (SEBI) under SEBI Regulations, 2012 as a Category II Alternate Investment Fund (AIF). It provides long-term capital for infra-related projects.
Who can contribute to Niif?
The Indian Government holds a 49% share in the NIIF. Domestic investors such as ICICI Bank, HDFC Bank, Axis Bank, Kotak Mahindra Life are the other notable investors in the NIIF.
What is NIIF Upsc?
National Investment and Infrastructure Fund NIIF is a government-backed entity established to provide long-term capital to the country’s infrastructure sector. The Indian government has a 49% stake in NIIF with the rest held by foreign and domestic investors.
Who is the CEO of NIIF?
Chief Executive Officer Mr. Sadashiv S. Rao is the CEO of NIIF Infrastructure Finance Limited (NIIF IFL). He has over 34 years of experience in project finance, investment banking and advisory services.
What is Indian sovereign wealth fund?
What is a Sovereign Wealth Fund? An SWF is an investment fund which is primarily owned by the National Government. These funds generally invest in financial instruments such as bonds, stocks, gold, and real estate.
Is NIIF a good place to work?
NIIF has been certified as a Great Place to Work (GPTW) in 2021. This is a recognition of our efforts towards building a caring and empowering work culture that fosters inclusiveness. You will be a part of a team that will challenge, support and inspire you to be extraordinary all through your tenure.
What is mutual fund BYJU’s?
A Mutual fund is a pool of investments by different investors in securities such as debt, equity or both. In simple words, it collects funds from investors like individuals and institutions and invests them in bonds, stocks or other short-term investment plans.
What is agricultural infrastructure fund?
The scheme shall provide a medium – long term debt financing facility for investment in viable projects for post-harvest management Infrastructure and community farming assets through interest subvention and financial support.
What is Niif Upsc?
Does India have sovereign wealth fund?
The Union Budget 2015-16 saw Arun Jaitley, the then Finance Minister, amending the National Investment and Infrastructure Fund (NIIF), which happens to be India’s first Sovereign Wealth Fund (SWF).
What is the largest fund in the world?
The Norges Bank Investment Management is the world’s largest sovereign wealth fund, according to the data provider Global SWF. At the end of 2021, it held a portfolio of more than 9,000 stocks worth $1.3 trillion, including 47 Russian companies and government bonds, Reuters reported, citing the Norwegian government.
How do I get a job at NIIF?
Recruitment Process: Once we receive applications, we shortlist candidates based on metrices common to the organization. We also carry out campus hiring drives. The shortlisted pool of candidates then has an opportunity to interact with various members of our team and gain a better perspective of NIIF.
How can we avail agriculture infrastructure fund?
Farmers can now apply online for loan at the official Agriculture Infrastructure Fund Portal. AIF is a part of India’s Aatmanirbhar Bharat Package which was launched by PM Narendra Modi with a finance facility of Rs. 1 Lakh Crore for the next 4 years.
Who controls agriculture infrastructure fund?
The fee for this coverage will be paid by the Government. In case of FPOs the credit guarantee may be availed from the facility created under FPO promotion scheme of Department of Agriculture, Cooperation & Farmers Welfare (DACFW).