Ministry of Finance launches India Infrastructure Project Development Fund Scheme

The Ministry of Finance has implemented the India Infrastructure Project Development Fund Scheme (IIPDF) to provide financial assistance for public-private partnership (PPP) projects. The scheme will aid in the development of quality PPP projects by providing the necessary funding support to project sponsoring authorities, both in the central and state governments. The funding provided by the IIPDF scheme supplements the previously operational scheme for financial support to PPPs in infrastructure (VGF scheme). The scheme supports infrastructure projects developed in the PPP mode that are fiscally justified but commercially unviable.