<h1>Government Approves Rs. 15,300 Crore Boost for IIFCL, Raising Authorized Capital to Rs. 25,000 Crore for Infrastructure.</h1> The Union Cabinet, led by the Prime Minister, has approved an increase in authorized capital and equity support for India Infrastructure Finance Company Limited (IIFCL). The support includes Rs. 5,300 crore for 2019-20 and Rs. 10,000 crore for 2020-21, funded through budgetary allocations or recapitalization bonds. The authorized capital will rise from Rs. 6,000 crore to Rs. 25,000 crore, allowing IIFCL to finance significant infrastructure projects. This move aligns with the government's plan to invest Rs. 100 lakh crore in infrastructure over five years. IIFCL, a government-owned entity, plays a crucial role in providing long-term finance for infrastructure projects.