National Investment and Infrastructure Fund:

  1. provides equity support only to greenfield projects
  2. comes under the SEBI Regulation
  3. has maximum limit of government contribution to 51%

Which of the above statements is/are correct?

Answer: [C] Only 2

First statement is incorrect because the fund supports both greenfield and brownfield projects in the country. Third statement is incorrect because government's contribution/share in the corpus will be 49% in each entity set up as an alternate Investment Fund (AIF) and will neither be increased beyond, nor allowed to fall below, 49%.

This question is a part of GKToday's Integrated IAS General Studies Module