<h1>India Launches First Infrastructure Debt Fund, Infradebt, to Boost Public-Private Partnership Projects and Address Infrastructure Deficit.</h1> The Finance Minister launched India Infra Debt Limited (Infradebt), the first Infrastructure Debt Fund under the NBFC structure, with ICICI Bank, Bank of Baroda, Citibank, and LIC as promoters. Infradebt aims to raise debt capital from domestic and foreign sources to invest in infrastructure projects under the Public-Private Partnership model. The initiative seeks to address India's infrastructural deficit, with projected infrastructure spending of USD 1 trillion in the 12th Five Year Plan. The government is promoting Public-Private Partnerships and has set up the Cabinet Committee on Investments to expedite project approvals. Tax-free bonds have also been issued to mobilize long-term funds.