BIFR Full Form
BIFR Full Form-What is the BIFR? The Best Investment for your Future and how it can help you : BIFR is an agency of the Government of India, part of the Department of Financial Services of the Ministry of Finance.
|Board for Industrial and Financial Reconstruction|
FAQs About BIFR
The BIFR is an autonomous body that is tasked with monitoring the progress of an investment project and monitoring its timely completion. It works under the rules of the Infrastructure Project Development Fund (IPDF). The IPDF is a funding agency established to carry out different work for developing infrastructure projects. The IRB is responsible for monitoring projects in the pipeline, under the wing of the IPDF. What does the IRB do? The IRB monitors projects under the IPDF. It checks the progress of an investment project and submit a report to the Department of Financial Services. The report is presented at the BIFR on the basis of which the project's progress is reviewed by the IRB.
The infrastructure market in India is about to see a huge rise in the coming years, and the recent initiatives taken by the government to expand India's roads, ports, and metro rail networks has already got a lot of investors, developers and speculators interested in the country's infrastructure market. There has been a huge revival of interest for the infrastructure market in recent times, and it seems like the India's real estate sector may also benefit from it. What are the growth opportunities for the BIFR? As the infrastructure markets develop, the growth opportunities for the BIFR is bound to increase.
You may think that there is no such thing as an investment instrument that you can get if you are willing to shell out 1 lakh for it. But do not let the phrase itself put you off. Read on! The best investment for your future can be procured from the BIFR: a government-backed loan-guarantee instrument. This instrument is essentially a bank loan to entrepreneurs and small-time businessmen. It has some important benefits. It will offer you better rates than what you can get from banks or NBFCs. You can expect a lower return than what you can earn by investing in debt funds. The BIFR will also help you overcome some of the drawbacks of investing in unsecured loans like the bad debt asset.
Like any good government, the Modi Government is cash strapped and is desperate to find ways to make it grow without asking the taxpayers to pay for the growth. Many steps have been taken to meet this purpose, one of which is the abolition of the Board for Industrial and Financial Reconstruction. Formerly known as the Board of Industrial and Financial Reconstruction, the BIFR was one of the most important agencies of the Government of India, which was responsible for the formulation and implementation of policy on restructuring and restructuring schemes.
As you read this, you may be thinking of making a significant financial investment. You need to understand the risks involved and the financial procedure. One of the best ways to do this is by studying your options before you invest.