Q: Which of the following statements regarding the ‘Viability Gap Funding Scheme (VGF)’ is not true?

• 1
  Under VGF, the central government meets up to 20% of capital cost of a project being implemented in public private partnership (PPP) mode
• 2
  The scheme is administered by the ministry of finance.
• 3
  Sectors eligible for VGF are Infrastructure, health and education.
• 4
  VGF is a force multiplier, enabling government to leverage its resources more effectively.