Consider the following statements : The 'National Investment and Infra

Consider the following statements :
The ‘National Investment and Infrastructure Fund’ was created to

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1. promote Foreign Direct Investment in India
2. support infrastructure projects in the country
3. attract venture capital for startups
4. finance defence projects

Which of the above statements is/are correct?

1 only

2 only

2, 3 and 4 only

1, 2, 3 and 4

Answer is Right!

Answer is Wrong!

This question was previously asked in

UPSC Combined Section Officer – 2019-20

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The National Investment and Infrastructure Fund (NIIF) was primarily created to support infrastructure projects in India by attracting both domestic and international investments.

– Statement 1 is partially correct in that NIIF aims to attract foreign investment, but its core purpose is specifically for infrastructure, not general FDI promotion across all sectors.
– Statement 2 is the main objective of NIIF.
– Statement 3 is incorrect; NIIF focuses on infrastructure and related sectors, not venture capital for startups.
– Statement 4 is incorrect; NIIF is not designed to finance defence projects.
– Therefore, only statement 2 correctly describes the primary purpose of NIIF.

NIIF is a collaborative investment platform for international and Indian investors, anchored by the Government of India. It is structured as a fund of funds, but also makes direct investments. It manages funds across three funds: Master Fund, Fund of Funds, and Strategic Opportunities Fund, focusing on different sectors like roads, ports, energy, housing, and other infrastructure-related areas.

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