(a) whether the Government has set up Infrastructure Debt Funds (IDFs) in the
country;
(b) If so, the details thereof;
(c) whether the Model Tripartite Agreement for IDFs has been finalized in the
recent past;
(d) If so, the details of the said Agreement along with its salient features thereof;
and
(e) The extent to which various infrastructure projects in the country are likely to
be benefited from the said agreement?
MINISTER OF STATE FOR FINANCE (SHRI NAMO NARAIN MEENA)
(a) and(b): Infrastructure Debt Funds (IDFs) are aimed at accelerating and enhancing flow of
long term debt for funding infrastructure projects in the country. These Funds are expected to
be established by Banks, Financial Institutions and NBFCs.
(c) and (d): Regulations issued by RBI provide that a Tripartite Agreement, which shall be
binding on all the parties thereto, will be entered into between the Concessionaire, the Project
Authority and the IDF. Accordingly, a Model Tripartite Agreement has been approved by the
Cabinet. This Model Tripartite Agreement will facilitate early operationalization of the
Infrastructure Debt Funds.
(e): Infrastructure Debt Funds will act as a catalyst to channelize the savings and would
provide a vehicle for refinancing the existing debt of infrastructure projects.