Q. Which of the following statements is/are correct about “India Infrastructure Finance Company Ltd (IIFCL)”?
1. It is wholly owned by Government of India.
2. It provides long-term financial assistance to viable infrastructure projects.
Select the correct answer using the codes given below:

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: C

IIFCL is a wholly-owned Government of India Company set up in 2006 to provide long-term financial assistance to viable infrastructure projects through the Scheme for Financing Viable Infrastructure Projects through a Special Purpose Vehicle called India Infrastructure Finance Company Ltd (IIFCL), broadly referred to as SIFTI.  

  • The sectors eligible for financial assistance from IIFCL are as per the Harmonized list of Infrastructure Sub-Sectors as approved by the Government and as amended from time to time.  
  • These broadly include transportation, energy, water, and sanitation, and communication, social and commercial infrastructure. 

Source: TMH Ramesh Singh