- India Infrastructure Project Development Fund Scheme
- Shyama Prasad Mukherji Rurban Mission
Focus: GS III: Indian Economy
Why in News?
The Department of Economic Affairs (DEA), Ministry of Finance, Government of India, notifies Scheme for Financial Support for Project Development Expenses of PPP Projects – India Infrastructure Project Development Fund Scheme (IIPDF Scheme)
About IIPDF Scheme:
- As a central sector scheme, the IIPDF programme will support the PSAs to create a shelf of bankable viable PPP projects.
- Funding under this scheme will be in addition to the already-operational Scheme for Financial Support to PPPs in Infrastructure, essentially a viability gap funding (VGF) scheme, notified in December 2020.
- Under the VGF scheme, support is granted for PPP infrastructure projects that are economically justified but commercially unviable.
Click Here To Read More: India Infrastructure Project Development Fund Scheme
Focus: GS-II: Social Justice and Governance (Welfare Schemes, Government Policies and Interventions)
Why in News?
Aibawk cluster in the Aizwal district of Mizoram has become the first cluster to be completed under the Shyama Prasad Mukherji Rurban Mission (SPMRM).
The need for the Rurban Mission
- According to the 2011 Census, India has more than 6 lakh villages while there are around 7,000 towns and urban centres. Out of a total population the rural population accounts for 69% and urban population 31%.
- About 70% of the population lives in rural areas and about 50% of the overall labour force is still dependent on agriculture that is not productive enough.
- The GDP (Gross Domestic Product) contribution of agriculture to the nation is only about 14% while for industries and services sector (employers of people living in urban areas), it is 26% and 60% respectively.
- Large parts of rural areas in the country are not stand-alone settlements but part of a cluster of settlements, which are relatively proximate to each other. These clusters typically illustrate potential for growth, have economic drivers and derive locational and competitive advantages.
- These clusters, once developed, can then be classified as ‘Rurban’. Hence taking cognizance of this, the Government of India, has launched the SPMRM, aimed at developing such rural areas by provisioning of economic, social and physical infrastructure facilities.
Click Here To Read More: Shyama Prasad Mukherji Rurban Mission