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Mahesh

16/06/23 06:36 AM IST

India Infrastructure Project Development Funding Scheme

In News
  • The Infrastructure Finance Secretariat (IFS) is continuously introducing measures to encourage private investment in infrastructure.
  • To support this objective, the IFS has redesigned its website, www.pppinindia.gov.in, to provide greater value to stakeholders involved in Public Private Partnership (PPP) projects.
About IIPDF
  • The India Infrastructure Project Development Funding Scheme was launched by the Department of Economic Affairs under the Ministry of Finance in 2017.
  • The scheme aims to support infrastructure projects by providing financial assistance for pre-investment activities, including project preparation, feasibility studies, and detailed engineering, among others.
  • The scheme is primarily focused on attracting private sector participation in infrastructure development.
  • It provides financial assistance to both government agencies and private entities for developing viable infrastructure projects.
  • By offering support during the early stages of project development, the scheme aims to enhance project bankability, reduce implementation risks, and ultimately attract private investment.
Features
  • The scheme offers financial support of up to 75% of project development costs, subject to a maximum limit.
  • This assistance helps project developers cover expenses related to feasibility studies, detailed engineering, preparation of bid documents, and other pre-investment activities.
  • By reducing risks and enhancing project bankability, the scheme encourages private sector participation in infrastructure projects. This partnership between the public and private sectors fosters innovation, efficiency, and expertise, leading to improved project outcomes.
  • The scheme plays a crucial role in developing a robust pipeline of infrastructure projects. By supporting project preparation activities, it facilitates the identification and prioritization of viable projects across sectors such as transportation, energy, water resources, and urban infrastructure
  • The scheme aims to streamline the project development process by reducing procedural bottlenecks and improving coordination among various stakeholders. It establishes a dedicated institutional framework for project development, ensuring effective project management and timely decision-making.
Source- PIB

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