Disinvestment proceeds: Are credited into National Investment Fund (NIF) constituted in 2005 . uses for-
1. To ensure 51% undiluted govt. ownership in CPSEs
by subscribing to rights & preferential shares
2. Recapitalize public sector banks & insurance companies (for BASEL III )
3. Investment by Government in RRBs/IIFCL/NABARD/Exim Bank
4. Equity infusion in various Metro projects
5. Investment in Bhartiya Nabhikiya Vidyut Nigam Limited and Uranium Corporation of India Ltd
6. Investment in Indian Railways
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ruchi - (no access) - attachment_DSummary_Sheet_-_Disinvestment.pdf, p6
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