Viability Gap Funding VGF is available only ........

Finance (Phase -I & II) Alternate sources of finance

Viability Gap Funding (VGF) is available only -

If the private company in which 51% shares or more of the subscribed and paid equity are owned and controlled by it

If the private company has been selected on the basis of competitive bidding

If the private company takes the responsibility of financing, construction and maintenance of the project during the concession period

All of the above

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Explanation:

The scheme aims at supporting infrastructure projects that are economically justified but fall marginally short of financial viability.

Support under this scheme is available only for infrastructure projects where private sector sponsors are selected through a process of competitive bidding.

Such a grant under VGF is provided as a capital subsidy to attract the private sector players to participate in PPP projects that are otherwise financially unviable.

Projects may not be commercially viable because of the long gestation period and small revenue flows in future.