FM raises viability gap funding for social infra projects
PTI, May 16, 2020, 6:06 PM IST
New Delhi: Finance Minister Nirmala Sitharaman on Saturday announced a hike in viability gap funding (VGF) for development of social infrastructure.
In her fourth tranche of economic stimulus, she said Rs 8,100 crore will be provided as viability gap funding for development of social infrastructure.
She said social infrastructure projects suffer from poor viability. Therefore, the government will enhance the quantum of viability gap funding up to 30 per cent each of the total project cost as VGF by central and state/statutory bodies.
For other sectors, existing VGF support of 20 per cent each from the government of India and state/statutory bodies shall continue.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
UP women’s body proposes men shouldn’t tailor women’s clothes or cut their hair
After Yogi’s ‘batenge, katenge’ slogan, PM pitches for unity with ‘Ek hai, toh safe hai’ message
Bank fraud: ED seizes jewellery, cash worth over Rs 1 cr in raids against Bhopal-based company, directors
No greater feeling than serving those in need: Outgoing CJI D Y Chandrachud
CJI Chandrachud: A legacy of landmark verdicts that shaped society and some controversy too
MUST WATCH
Latest Additions
BCCI vs PCB spar on CT venue as Naqvi denies receiving any official note from Indian board
Use Carnatic music to promote Kannada language: Nirmala Sitharaman
Udupi: Car collides with bike; Rider injured
UP women’s body proposes men shouldn’t tailor women’s clothes or cut their hair
NSE, BSE to be closed on Nov 20 for Maharashtra assembly polls
Thanks for visiting Udayavani
You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.