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      Question

      The government’s Viability Gap Funding (VGF) support

      for MEIL’s SPR project is capped at what amount?
      A ₹2,500 crore Correct Answer Incorrect Answer
      B ₹3,420 crore Correct Answer Incorrect Answer
      C ₹5,700 crore Correct Answer Incorrect Answer
      D ₹11,020 crore Correct Answer Incorrect Answer
      E ₹7,000 crore Correct Answer Incorrect Answer

      Solution

      The government capped its VGF at ₹3,420 crore, equal to 60% of the project cost. MEIL’s bid was just under this ceiling. VGF is a financial support mechanism to make strategic infrastructure projects commercially viable.

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