The National Investment Fund (NIF) would be utilised for the following purposes:

(i) Subscribing to the shares being issued by the central public sector enterprises (CPSEs), including the public sector banks (PSBs) and public sector insurance companies, on rights basis so as to ensure 51 per cent government ownership in them;

(ii) Preferential allotment of shares of the CPSEs to promoters, so that the government’s shareholding does not go down below 51 per cent in all cases, where the CPSE is going to raise fresh equity to meet its Capex 51 programme;

(iii) Recapitalization of public sector banks and public sector insurance companies;

(iv) Investment by the government in Regional Rural Banks (RRBs), the India Infrastructure Finance Company Limited (IIFCL), the National Bank For Agriculture & Rural Development (NABARD), Exim Bank;

(v) Equity infusion in various metro projects;

(vi) Investment in the Bharatiya Nabhikiya Vidyut Nigam Limited and the Uranium Corporation of India Ltd.; and

(vii) Investment in the Indian Railways towards capital expenditure.