Union Cabinet approves ₹30,000 crore additional investment in NIIF for new fund creation

📌 Summary:

• The Union Cabinet approved an additional ₹30,000 crore government investment in the National Investment and Infrastructure Fund (NIIF), to be used for its upcoming funds
• This takes the Government of India's total commitment in NIIF to ₹60,000 crore
• The decision was taken last week and announced on June 29, 2026

🎯 UPSC Relevance: GS3 Economy — infrastructure financing, sovereign-backed funds, crowding-in of private and global capital for nation-building

📝 Prelims Facts:

• NIIF = National Investment and Infrastructure Fund, set up in 2015
• It is India's first sovereign wealth fund-style vehicle for infrastructure investment
• New commitment: ₹30,000 crore; total government commitment now ₹60,000 crore

🔑 Key Term: NIIF — a government-anchored fund that invests in infrastructure and related sectors, mobilising domestic and foreign capital alongside government equity.