IRFC has been meeting its funding requirements from various sources to extract the lowest possible pricing from the markets. In addition to the equity infusion from time-to time by the Government of India, IRFC has been mobilizing funds through both taxable and taxfree bond issuances, term loans from banks and FIs and ECBs. The funding plan of IRFC is carried out with the prime objective to minimize its price of borrowings which in turn will benefit the Indian Railways as it works on a cost plus margin basis.