So far, India Infrastructure Finance Company Ltd (IIFCL) has sanctioned loans worth Rs 2.8 lakh crore and disbursed to the tune of Rs 1.4 lakh crore, of which 50 per cent has happened in the last 4-5 years, Nagaraju said while speaking at the 20th foundation day of the institution."Next three years you (IIFCL) should lend Rs 1 lakh crore...to fulfill the Vikshit Bharat aspiration. You have the capacity, experience and resilience to undertake very complex products and finance the infrastructure in the country," he said.He urged the financial institutions, including IIFCL, to move away from secure products or completed projects to undertake new or greenfield projects. Lenders should also focus on creating world-class infra projects, he said, adding that innovative products for financing can be looked at.He underlined the need to focus on risk management and guard against fraud. There is also a need for pooling of resources by NBFCs and banks so that they can finance large projects, he added.Speaking at the occasion, MP Tangirala, Additional Secretary, Department of Financial Services (DFS), said Indian financial institutions, including banks, are in a stronger position than ever.Tangirala said the government under the leadership of PM Modi has taken a number of initiatives, including the National Infrastructure Pipeline (NIP).

IIFCL Can Grow Its Book Size by ₹1L Cr in Next 3 Years: DFS Secy

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{{magzter}} is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 88 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.