Jammu and Kashmir Infrastructure Development Finance Corporation (JKIDFC) Limited was formed in 2018 to speed-up pending, unfunded or languishing infrastructure development projects in Jammu and Kashmir.
JKIDFC is a registered corporation under the Companies Act that is mandated to raise funds up to ₹8,000 crore (equivalent to ₹94 billion or US$1.1 billion in 2023), which are guaranteed by the state government, for funding infrastructure development in Jammu and Kashmir.
[1][2][3] Some of the projects which JKIDFC is undertaking have been pending for 25 years old.
These projects include extension/construction/widening of roads, bridges, water supply schemes and flats.
[4][5][6] In financial year 2019–20, over 1200 projects worth ₹2,280 crore (equivalent to ₹27 billion or US$310 million in 2023) were financed under JKIDFC.