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Section 22 - National Bank for Financing Infrastructure and Development Act, 2021
22. Concessional rate of Government guarantee.-
The Government shall prescribe a concessional rate of fees, not exceeding 0.1 per cent. at which Government guarantee may be extended to the Institution for borrowings from multilateral institutions, sovereign wealth funds, and such other foreign institutions as may be prescribed.
Related Sections
- Section 41: Bankers' Books of Evidence Act, 1891 to apply in relation to the Institution
- Section 29: Setting up of other development financial institution
- Section 31: Powers of Central Government to make rules
- Section 48: Amendment of Act 10 of 1949
- Section 44: Powers of Central Government to issue directions
Related Acts
* Only for reference.