Lok Sabha Question No. 1340 (UNSTARRED), answered on 2021-12-06
Subject: National Investment Fund
Ministry: FINANCE
Asked by: Feroze Varun Gandhi

## Government of India

## Ministry of Finance, Department of Economic Affairs

Lok Sabha

Unstarred Question No. 1340

th To be answered on Monday, the 6 December, 2021

## National Investment Fund

## QUESTION

## 1340. SHRI FEROZE VARUN GANDHI

Will the Minister of Finance be pleased to state:

- (a) whether the National Investment Fund set up to channelize the proceeds of disinvestment of CPSEs is still operational and if so, the details thereof;
- (b) the amount channelized in to the fund from 2012-2021; and
- (c) the detailed breakdown of purposes for which the proceeds from disinvestment have been utilized from 2012-21?

## ANSWER MINISTER OF STATE IN THE MINISTRY OF FINANCE

## (SHRI PANKAJ CHAUDHARY)

- (a) Yes Sir. The 'National Investment Fund' (NIF), is a reserve fund maintained in the Public Account of India. The disinvestment proceeds are channelized into the fund after due appropriation authorized by the Parliament:
- (b) & (c) The details with regard to the amount of the proceeds from disinvestment channelized into the fund and amount utilized for the purposed during 201221 is given in the enclosed Statement:

and (c) of the\_Lok Sabha Unstarred Question \_ No1340 for\_answer on6.12.2021 regarding "National Investment Fund"

## Details of\_proceeds of\_disinvestment channelized into\_National Investment Fund NLand its Utilization during 2012-2021

(Rs. in Crore)

| Year                        | Proceeds from Disinvestment channelized into the Fund   |   Utilization | Details of purposes for which the Disinvestment proceeds utilized                                                                                                                                               |
|-----------------------------|---------------------------------------------------------|---------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 2012-13                     | 23933.73                                                |       23933.7 | For development of Urban Infrastructure, Irrigation Rural Electrification and Rural Employment                                                                                                                  |
| 2013-14                     | 17634.38                                                |       17634.4 | For development of Urban Infrastructure, Irrigation and Rural Electrification                                                                                                                                   |
| 2014-15                     | 29438.42                                                |       29438.4 | Recapitalization of Public Sector Banks                                                                                                                                                                         |
| 2015-16                     |                                                         |       23997.9 | For development of Railway infrastructure_                                                                                                                                                                      |
| 2016-17                     | 35469.98                                                |       35470   | For development of Railway, Road and Health infrastructure, Recapitalization of Public Sector Banks                                                                                                             |
| 2017-18                     | 84291.77                                                |       84071.1 | For development of Railway, Road, Education and Health infrastructure, Recapitalization of Public Sector Banks                                                                                                  |
| 2018-19                     | 78496.20                                                |       78313.6 | For development of Railway, Road, Education and Health infrastructure                                                                                                                                           |
| 2019-20                     | 58699.99                                                |       58565   | For development of Railway, Road and Health Infrastructure, National Investment and Infrastructure Finance Fund                                                                                                 |
| 2020-21 (Revised Estimates) | 32000.00                                                |       32000   | For development of Railway, Road, Health and Education Infrastructure, National Investment and Infrastructure Finance Fund, Recapitalization of Public Sector Banks and Subscription to Share Capital of NABARD |