NOTIFICATION OF CERTAIN SECTIONS OF NATIONAL BANK FOR FINANCING INFRASTRUCTURE AND DEVELOPMENT ACT 2021

## Report on Notification Regarding the National Bank for Financing Infrastructure and Development Act, 2021 **1. Executive Summary:** This report analyzes a notification (S.O. 4911(E)) issued by the Ministry of Finance, Department of Financial Services, Government of India, regarding the National Bank for Financing Infrastructure and Development Act, 2021. The notification appoints November 30, 2021, as the date on which specific provisions of the Act, namely subsections 1, 2, 4, and 5 of section 15 and section 24, come into force. This report provides an overview of these provisions based on the provided notification and infers the potential impact of their implementation on the infrastructure development sector. **2. Introduction:** This report aims to provide information and analysis regarding Notification S.O. 4911(E), pertaining to the National Bank for Financing Infrastructure and Development Act, 2021, based solely on the text of the provided document. **3. Policy Overview:** * This document concerns the National Bank for Financing Infrastructure and Development Act, 2021. * **Core Objective(s) (inferred):** Based on the text, the notification aims to operationalize key sections of the National Bank for Financing Infrastructure and Development Act, 2021, specifically those related to sections 15 and 24. The broader objective, inferred from the Act's name, is to foster and facilitate infrastructure development through financial means. **4. Background and Rationale:** * Since this report analyzes a notification bringing specific sections of an Act into force, the likely reason for this action is to initiate the implementation of the National Bank for Financing Infrastructure and Development Act, 2021. This suggests the government has taken steps to activate the functioning of the National Bank for Financing Infrastructure and Development. **5. Key Provisions / Changes:** * This notification brings into force *specific* parts of the act, namely subsections 1, 2, 4 and 5 of section 15, and section 24. * Due to the limitations of the text provided, the specific content of the sections coming into force (subsections 1, 2, 4, and 5 of section 15, and section 24 of the Act) cannot be determined. Therefore, a full understanding of the new rules and provisions mandated by these sections requires consulting the complete National Bank for Financing Infrastructure and Development Act, 2021. **6. Target Audience and Stakeholders:** Based on the title of the Act, the primary target audience and stakeholders likely include: * Infrastructure developers and construction companies. * Financial institutions involved in infrastructure financing. * Government agencies responsible for infrastructure development. * Investors interested in the infrastructure sector. **7. Implementation Aspects (Inferred):** * **Responsible agency/bodies:** The Ministry of Finance, Department of Financial Services is responsible for issuing the notification. The National Bank for Financing Infrastructure and Development is the key institution. * **Timelines:** The notification specifies that the designated sections come into force on November 30, 2021. * Further procedural details related to the implementation of sections 15 and 24 would be found within the full text of the Act itself and related regulations. **8. Expected Outcomes / Impact of Changes:** Due to the limitations of the provided text, it is challenging to define all of the outcomes that would be expected. However, it can be reasonably inferred that this notification serves to: * Enable the National Bank for Financing Infrastructure and Development to exercise the powers and responsibilities outlined in section 15 subsections 1, 2, 4 and 5, as well as section 24. * The notification is a step to facilitating investment in infrastructure projects by operationalizing the National Bank for Financing Infrastructure and Development. **9. Conclusion:** The Notification S.O. 4911(E) is a crucial step in the operationalization of the National Bank for Financing Infrastructure and Development Act, 2021. By bringing key sections of the Act into force, this notification enables the establishment and functioning of the NBFID, which aims to play a crucial role in the future of infrastructure development in the country. Further analysis of the complete Act and related regulations is recommended to fully understand the implications of these activated sections.

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