IIPDF: UPSC Daily Important Topic| 9 November 2022

IIPDF

Recently, the Department of Economic Affairs (DEA), Ministry of Finance notified India Infrastructure Project Development Fund Scheme (IIPDF Scheme), a scheme for financial support for project development expenses of PPP

✓The IIPDF Scheme was set up in 2007.

✓It is a Central Sector Scheme with total outlay of Rs 150 crore for a period of three years from 2022-23 to  2024-25

✓It is available to the Sponsoring Authorities for PPP projects for meeting the project development costs.

✓It would be necessary for the Sponsoring Authority to create and empower a PPP Cell to undertake PPP project development activities and also address larger policy and regulatory issues.

✓Objective:

It is aimed to provide financial support for quality project development activities.