Write a note on the objectives of and sources of funds for National Investment and Infrastructure Fund. (200 Words)

National Investment and Infrastructure fund is a fund created by the Government of India for enhancing infrastructure financing in the country.

 The primary objective of NIIF is to maximize economic impact mainly through infrastructure development in commercially viable projects, both greenfield and brownfield, including stalled projects. It could also consider other nationally important projects, for example, in manufacturing, if commercially viable.

Other objectives may include:

-- Overseas ties and materializing Make in India scheme as it attracts foreign investors
-- Service provisions to the investors
-- Structuring and framing the investment models and their monitoring
-- Advisory objective to provide guidance to infrastructure projects

NIIF is not a single entity, it may contain more than one fund set up as Alternate Investment Funds. Following are the sources of this fund:

-- Government can provide upto 20000 crore per annum into these funds making 49% share of the total corpus
-- Sovereign/ quasi-sovereign/multilateral/bilateral investors
-- Cash-rich Central Public Sector Enterprises
-- Domestic pension and provident funds, National Small Savings Fund