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CM urges PM to withdraw VGF repayment norm
The New Indian Express Tadepalligudem
|December 15, 2024
In an effort to get unconditional Viability Gap Funding (VGF) support to the Vizhinjam Seaport project, Chief Minister Pinarayi Vijayan wrote to Prime Minister Narendra Modi seeking his urgent intervention.
Pinarayi urged the PM to withdraw the Union finance ministry's norm making it mandatory for the State to repay the VGF.
In his letter, Pinarayi pointed out that since the Union finance ministry introduced the VGF scheme in 2005, never in the past such a payback has been demanded by the finance ministry under VGF scheme.
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