Login With Google
Social infra PPPs eligible for viability gap funding
Why is it in news?
- The Union government expanded the provision of financial support in infrastructure projects to include critical social sector investments.
Details:
- Government has expanded the provision of financial support by means of viability gap funding for public private partnerships (PPPs) in sectors such as health, education, water and waste treatment.
- The Cabinet also approved the continuation of the scheme for financial support to PPPs in infrastructure that has been in place since 2006, till 2024-25.
- A total of ₹8,100 crore has been allocated under this programme between 2020-21 and 2024-25, of which ₹2,100 crore will be devoted to social sector projects.
- Under the new schemes, private sector projects in areas like waste water treatment, health and education, could get 30% of total project cost from the Centre.