Definition Infrastructure Capital Fund :

Infrastructure Capital Fund [Section 2(26B)] : Infrastructure capital fund means such fund operating under a trust deed registered under the provisions of the Registration Act, 1908 established to raise monies by the trustees for investment by way of acquiring shares or providing long-term finance to –

(1) any enterprise or undertaking wholly engaged in the business referred to in section 80-IA(4) or section 80-IAB (1); or

(2) an undertaking developing and building a housing project referred to in section 80-IB(10); or

(3) a project for constructing a hotel of not less than three star category as classified by the Central Government; or

(4) a project for constructing a hospital with at least 100 beds for patients.