With an aim to meet the need for a dedicated infrastructure development bank in the country, the Government of Nepal (GoN) and Nepal Rastra Bank(central bank) paved the way for the establishment of infrastructure development bank through the Annual Budget for the Fiscal Year 2015/16 and the subsequent Monetary Policy of the same year. Accordingly, Nepal Infrastructure Bank Limited was registered under the Ministry of Industry and Commerce, Company Registrar’s Office on 8th June 2018 as the first national-level infrastructure development bank of the nation, promoted by the Government of Nepal together with Banks and Financial Institutions (BFIs), Life and Non-life Insurance companies, other private sector leading entities and a team of entrepreneurs. This makes NIFRA the only bank to operate under the Public-Private Partnership (PPP) Modality. The bank aims to promote the culture of Private Sector Participation(PSP) in infra-projects and work closely with the Government of Nepal in planning and developing national policies for infrastructure development. The major sectors of NIFRA are energy, tourism, industrial, transportation, information communication technology, urban, and other productive sectors. Vision To be the nodal financial institution of the nation for infrastructure development. Mission To accelerate investment in infrastructure. To bridge the financial gap for unlocking development potential.