“Infrastructure needs long-term debt financing. A professionally managed Development Financial Institution is necessary to act as a provider, enabler, and catalyst for infrastructure financing,” Additionally, the minister announced that Foreign Portfolio Investors (FPI) will now be enabled to debt finance REITs and InvITs after necessary amendments to the law. Union Budget has allocated Rs 20,000 crore for the DFI, with an ambition for the lender is to have a portfolio of Rs 5 lakh crore within three years time. The Finance Minister said that the move will augment fund flows for the real estate and infrastructure sector.