Current Context: The Cabinet Committee of Economic Affairs has approved the Continuation and Revamping of the Scheme for Financial Support to Public-Private Partnership in Infrastructure Viability Gap Funding Scheme till 2024-25.
This is extended with an outlay of Rs 8,100 crore.
This will help to promote and strengthen PPP (Public-Private Partnership) in the social and economic infrastructure domain.
This financial support will allow proper operation and maintenance, efficient creation of assets and will make the socially essential projects commercially viable.
This grant amount will help to develop water supply, wastewater treatment, Health and Education sectors.
Also, the committee said that the centre will provide 30% of the total project cost while the state governments and sponsoring ministry will have to provide additional support of up to 30% of the total project cost.
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