Government Infuses ₹5 Billion into IFCI Ltd Amid Strategic Overhaul

The Government of India has sanctioned a capital infusion of ₹5 billion into IFCI Ltd, one of the country's oldest financial institutions, as part of a comprehensive restructuring plan. Established in 1949, IFCI has faced significant capital constraints in recent years, leading to a suspension of its lending activities. The current strategy involves halting all lending operations and transforming IFCI into an infrastructure advisory firm, focusing on evaluations for state and green projects. This move aims to leverage IFCI's extensive experience in infrastructure financing while addressing its financial challenges. The government also plans to monetize IFCI's real estate assets and explore rental opportunities for its office spaces to enhance revenue streams. 

Source: Economic Times