Sign In
Learn bits
Schemes & Policies
Mahesh

09/11/22 13:53 PM IST

Scheme for Financial Support for Project Development Expenses

In News
  • The Department of Economic Affairs (DEA), Ministry of Finance, Government of India, notifies Scheme for Financial Support for Project Development Expenses of PPP Projects – India Infrastructure Project Development Fund Scheme (IIPDF Scheme).
About IIPDF Scheme 
  • The India Infrastructure Project Development Fund Scheme (IIPDF) was launched by the Department of Economic Affairs (DEA).
  • This central sector scheme extends financial aid required for the development expenses of Public Private Partnership (PPP) projects.
  • It provides funding for project sponsoring authorities (both in the central and state governments) to access services provided by Transaction Advisors (TAs) and consultants involved in the development of the PPP projects.
  • This will help effectively implement bankable viable PPP projects that seek to modernize infrastructure in India.
  • The total corpus of the India Infrastructure Project Development Fund is 150 crore for three years.
  • The new scheme is an addition to the currently operational Scheme for Financial Support to PPPs in Infrastructure (VGF Scheme), which was notified in December 2020.
About VGF Scheme 
  • The Scheme for Financial Support to Public Private Partnerships (PPPs) in Infrastructure Viability Gap Funding (VGF) was launched by the Department of Economic Affairs in 2006 to provide funding for PPP infrastructure projects that are economically justified but not commercially viable because of large capital requirements.
  • The Viable Gap Funding (VGF) of 40 per cent of the Total Project Cost (TPC) is provided by the Indian Government and the sponsoring authority in the form of capital grant at the construction stage of the project.
Source- PIB 

More Related Current Affairs View All

28 Aug

IADT-1

'Recently, the Indian Space Research Organisation (ISRO) successfully carried out its first Integrated Air Drop Test (IADT-1), a crucial milestone in the preparation for the countr

Read More

28 Aug

H-1B visa changes

'H-1B visa changes 2025: United States Commerce Secretary Howard Lutnick called the popular H-1B visa program a “scam”, saying that American businesses should be focuse

Read More

28 Aug

UGC’s Learning Outcomes-based Curriculum Framework

'Recently, the University Grants Commission (UGC) issued a public notice on its development of a draft Learning Outcomes-based Curriculum Framework (LOCF).' LOCF is intended to

Read More

India’s First Ai-Driven Magazine Generator

Generate Your Custom Current Affairs Magazine using our AI in just 3 steps