(THE GIST OF PIB) India Infrastructure Project Development Fund Scheme

[November-2022]

The Department of Economic Affairs (DEA), Ministry of Finance, Government of India, notifies Scheme for Financial Support for Project Development Expenses of PPP Projects – India Infrastructure Project Development Fund Scheme (IIPDF Scheme.

As a Central Sector Scheme, the India Infrastructure Project Development Fund Scheme (IIPDF Scheme) will aid development of quality PPP projects by providing necessary funding support to the project sponsoring authorities, both in the central and state Governments.

The corpus of the IIPDF shall comprise of initial budgetary outlay of Rs. 100 Crore by the Ministry of Finance. This would be supplemented, should it become necessary, through budgetary support by the Ministry of Finance from time to time.
Funding under IIPDF Scheme is in addition to the already operational Scheme for Financial Support to PPPs in Infrastructure (VGF Scheme).
A key step in structuring quality PPP projects is to provide quality advisory/ consultancy services to the Project Sponsoring Authorities (PSAs).
However, procurement of such services is a time consuming and difficult process often resulting in delays in onboarding of the appropriate Transaction Advisers (TAs) or non-optimal structuring of PPP projects