Indian Railways Finance Corporation (IRFC)

Indian Railways Finance Corporation (IRFC) is a government-owned financial institution that raises funds by issuing bonds and loans to support the development and operation of Indian Railways. It acts as a key financial intermediary, mobilizing resources for investments in trains, infrastructure, and related projects. IRFC ensures that Indian Railways has the necessary financial resources to modernize and expand, facilitating efficient transportation across the country. Essentially, it funds railway expansion through borrowing, enabling Indian Railways to upgrade services without immediate budget constraints.