Consider the following statements associated with the India Infrastructure Project Development Fund (IIPDF).
1. IIPDF was set up in 2017.
2. The funds for IIPDF are provided by the Central Government’?
3. This scheme is notified under the Department of Economic Affairs.
Which of the above statements is/are INCORRECT?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. Only 1.
To determine which statements are incorrect about the India Infrastructure Project Development Fund (IIPDF), let’s evaluate each:
- Incorrect: The IIPDF was initially launched in 2007, not 2017, to support project preparation costs for Public-Private Partnership (PPP) projects in infrastructure.
- Correct: The IIPDF is financed by the Central Government to assist states in project development for PPP initiatives.
- Correct: The scheme is indeed notified under the Department of Economic Affairs, Ministry of Finance.
Therefore, only Statement 1 is incorrect, as the IIPDF was set up in 2007, not in 2017.