The VGF was Rs 1,000 for the current financial year (FY).
VGF of up to 20 per cent of the total project cost is provided under this scheme.
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VGF is a one-time grant provided by the public sector for financial support to PPPs in infrastructure, with the objective of making a project commercially viable.
This will also lead to increased private sector participation in developing infrastructure in the country through Public-Private-Participation mode.
The government has also provided Rs 572 crore towards interest equalisation support to EXIM Bank of India.
The allocation is meant to promote India's strategic political and economic interest abroad by positioning it as an emerging power, investor country and partner for developing countries.
"Defaults in repayment of guaranteed loans by borrower country to EXIM Bank, will be compensated by Government of India with a ceiling of Rs 934 crore," the document said.