The IDB is being established with a focus on financing mega infrastructure projects under public partnership model. IDB has a paid-up capital of Rs 20 billion where promoter shareholders will invest Rs 12 billion and general investors will invest Rs 8 billion.
In the bank, the government, promoter shareholders and general shareholders will have share ownership of 10 percent, 50 percent and 40 percent respectively. The IDB is expected to start operations in six months.
Infrastructure Development Bank will extend loans and make equity investment on infrastructure development projects, issue domestic and foreign currency denominated financial instruments to mobilize financial resources on infrastructure projects, mobilize long-term deposits, and issue debentures for arranging resources and leasing trading.
