The Cabinet Committee on Economic Affairs (CCEA) on November 11, 2020 has approved continuation and revamping of the Scheme for Financial Support to Public Private Partnerships in Infrastructure Viability Gap Funding Scheme till 2024-25 with a total outlay of eight thousand 100 crore rupees.
- The aim of this Scheme is to promote Public Private Partnerships in social and economic infrastructure for efficient creation of assets, their proper operation and maintenance and make the economically and socially essential projects commercially viable.
- These projects face bankability issues and poor revenue streams to cater fully to capital costs.
- The Central Government will provide a maximum of 30 per cent of Total Project Cost of the project and the State Government or Sponsoring Central Ministry will provide additional support up to 30 percent of Total project cost. The new Scheme will come into force within one month.
