Indian Railways Finance Corporation

Indian Railways Finance Corporation (IRFC) is a specialized financial institution that raises funds through the issuance of bonds and loans to support the development and expansion of Indian Railways. It acts as a dedicated financing arm, providing necessary capital for purchasing trains, infrastructure upgrades, and technology improvements. IRFC does not operate trains itself but aids the railway’s growth by ensuring they have the necessary funding. Its role is crucial in facilitating the modernization of Indian Railways, ensuring efficient transportation, and supporting economic development across the country.