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Infrastructure Finance Company Ltd (IIFCL) was incorporated on January 5, 2006 with a paid up capital of Rs 10 crore and an authorised capital of Rs 1,000 crore.
IIFCL has been set up by the Government to fill the gap for long term infrastructure finance that banks are not in a position to address, owing to concerns relating to mismatches in assets and liabilities. For 2005-2006, the borrowing limit of IIFCL had been fixed at Rs 10,000-crore.
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