India Infrastructure Project Development Funding Scheme (IIPDF)
June 15, 2023
Recently, to promote the Digital India initiative of the Government of India, the Infrastructure Finance Secretariat has launched the IIPDF Portal for submitting applications for consideration under IIPDF Scheme.
About IIPDF Scheme:
What it is? It is a Central Sector Scheme which will aid the development of quality PPP projects by providing necessary funding support to the project sponsoring authorities, both in the Central and State Governments.
Funding:
The corpus of the IIPDF shall comprise of initial budgetary outlay of Rs. 100 Crore by the Ministry of Finance.
Funding under IIPDF Scheme is in addition to the already operational Scheme for Financial Support to PPPs in Infrastructure (VGF Scheme).
Composition of the IIPDF approval committee:
Chairperson: Joint secretory, DEA
Representative of NITI Aayog
Member Secretary: Deputy Secretory/Private Investment Unit, DEA
The approval committee will
Select projects for which project development costs will be funded.
Set the terms and conditions under which the funding will be provided and recovered.
Set milestones for disbursing and recovering (where appropriate) the funding.
The Public-Private Partnership Cell of the DEA will provide support functions to examine the applications received for assistance under IIPDF.
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