New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    What is the purpose of the Viability Gap Funding (VGF)

    scheme approved for offshore wind energy projects?
    A Promote solar energy projects Correct Answer Incorrect Answer
    B Support financially viable projects Correct Answer Incorrect Answer
    C Reduce the cost of power from offshore wind projects Correct Answer Incorrect Answer
    D Enhance coal production Correct Answer Incorrect Answer
    E Improve nuclear energy infrastructure Correct Answer Incorrect Answer

    Solution

    The VGF scheme aims to support offshore wind energy projects by reducing the cost of power, making them viable for purchase by DISCOMs.

    Practice Next

    Relevant for Exams: