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?

Correct option is B

The correct answer is (b) Only 1.
Explanation:
· Statement 1: Incorrect. The India Infrastructure Project Development Fund (IIPDF) was established in 2007, not 2017. It aims to provide financial support for the development and structuring of public-private partnership (PPP) infrastructure projects.
· Statement 2: Correct. The funding for IIPDF is provided by the Central Government, specifically to support various departments and agencies in project development and to attract private investments.
· Statement 3: Correct. The scheme is notified under the Department of Economic Affairs (DEA), which is responsible for overseeing and promoting PPP projects in India.
Information Booster:
· India Infrastructure Project Development Fund (IIPDF):
· It is a revolving fund that provides financial assistance for developing PPP projects.
· It supports project preparation activities such as feasibility studies, transaction advisors, and bid documentation.
· The aim is to ensure transparent and efficient project development in critical infrastructure sectors.