With reference to ‘National Investment and Infrastructure Fund’, which of the following statements is/are correct?
- 1.It is an organ of NITI Aayog.
- 2.It has a corpus of ₹ 4,00,000 crore at present.
Select the correct answer using the code given below:
Answer & explanation
Answer: (d) Neither 1 nor 2
Neither statement is correct. The National Investment and Infrastructure Fund (NIIF) is a Ministry of Finance-backed fund set up in December 2015 as a Category II Alternative Investment Fund, not an organ of NITI Aayog, and its proposed corpus was ₹40,000 crore, one-tenth of the figure stated.
- ✗ 1. NIIF was formed on 28 December 2015 as a Category II Alternative Investment Fund structured as a trust, with the Government of India holding 49%. It is run by NIIF Limited and comes under the Ministry of Finance, not NITI Aayog.
- ✗ 2. The proposed corpus was ₹40,000 crore (about US$ 6 billion), with an initial authorised corpus of ₹20,000 crore. ₹4,00,000 crore is ten times too large.
- • Since then In June 2026 the Cabinet approved a further ₹30,000 crore, taking the Government of India's total commitment to NIIF to ₹60,000 crore (PIB, 29 June 2026).
Remember · NIIF (Dec 2015) is a Ministry of Finance-backed sovereign-anchored fund with a proposed corpus of ₹40,000 crore. It is not part of NITI Aayog.
Sources
- Indian Economic Service (Ministry of Finance), Arthapedia: National Investment and Infrastructure Fund (NIIF) ↗ “The proposed corpus of NIIF is Rs. 40,000 Crores (around USD 6 Billion). The initial authorized corpus of NIIF would be Rs. 20,000 crore, which may be raised from time to time, as decided by Ministry of Finance. … NIIF was formed as a category II AIF, as a Trust, under Indian Trust Act on 28 December 2015”
- PIB, Ministry of Finance: Cabinet approves additional investment commitment in NIIF (29 June 2026) ↗ “National Investment and Infrastructure Fund (NIIF) is India’s Sovereign Anchored Fund, professionally run and managed by National Investment and Infrastructure Fund Limited (NIIFL). GOI is 49% shareholder in NIIF … This takes the Government of India’s total commitment to NIIF to Rs. 60,000 crore.”
Question and answer: UPSC's official GS Paper I (2017, Series A) — paper ↗ · answer key ↗. Explanation: Minimalist IAS, checked 30 Sept 2026 (how we verify). ·