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17th August 2017 Part-1:Daily News Analysis
Hi Jatin, please correct me if I am wrong --- Viability Gap Funding (VGF) means a grant one-time or deferred, provided to support infrastructure projects that are economically justified but fall short of financial viability. VGF IS NOT THE AMOUNT OF SUBSIDY PROVIDED BY THE GOVT. For example: If a project's estimated cost is 100rs and the contractor who is given the contract to complete that project, falls short of money either due to bank loan issue or increased cost because of environment clearances. In this case, goverment provides VGF to make the project viable again.
Sai surya
2 years ago
i think what you pointed out is right.