(a) whether the Government proposes to set up the Special Purpose Vehicle forfunding infrastructure development investments;
(b) if so, the details in this regard; and
(c) the details of the projects likely to be financed, State-wise?
(a) whether the Government proposes to set up the Special Purpose Vehicle forfunding infrastructure development investments;
(b) if so, the details in this regard; and
(c) the details of the projects likely to be financed, State-wise?
THE MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI S.S. PALANIMANICKAM):
(a) Yes, Sir.
(b) As per the Budget announcements 2005-06, the Special Purpose Vehicle (SPV) will
lend funds, especially debt of longer term maturity, directly to the eligible projects
to supplement other loans from banks and financial institutions.
(c) This would depend upon the availability of eligible projects across states and would
become clear only after the proposals for funds are received by the SPV.