National Infrastructure Pipeline: Union Cabinet Approves Bill To Set Up A New Bank To Exclusively Fund Infrastructure Projects National Infrastructure Pipeline The new development finance institution (DFI) is widely viewed as a potentially transformative move that could help significantly bridge the funding requirements for the infrastructure projects identified under the ambitious Rs 102 lakh crore (US$1.4 trillion) National Infrastructure Pipeline. Operationalizing a key announcement made in this year's Union Budget, Finance Minister Niramal Sitharaman today (Mar 16) said that Union cabinet has approved the bill for establishing a development finance institution (DFI) to finance long-term infrastructure projects. The government has already allocated â¹20,000 crore in FY22 during Budget 2021 to capitalise the institution.