<h1>Finance Minister Launches Infrastructure Debt Fund to Boost Investment, Targeting 8% GDP Growth with $1 Billion Corpus.</h1> The Finance Minister launched the first Infrastructure Debt Fund (IDF) scheme by IIFCL Mutual Fund to boost investment in the infrastructure sector. He emphasized mobilizing resources from insurance and pension sectors for long-term funding. Approval letters were issued for projects in Jharkhand and Andhra Pradesh. The initiative aims to achieve an 8% GDP growth by addressing financial gaps with products like IDFs, Takeout Finance, and Credit Enhancement. The scheme involves partnerships with public sector banks and financial institutions, focusing on debt securities of infrastructure projects. IIFCL targets an initial corpus of USD 1 billion, aiming to develop the bond market and address asset-liability mismatches.