<h1>Cabinet Approves Revamped Viability Gap Funding Scheme for PPPs in Infrastructure with Rs. 8,100 Crore Budget Until 2024-25.</h1> The Cabinet Committee on Economic Affairs has approved the continuation and revamping of the Viability Gap Funding (VGF) Scheme for Public Private Partnerships (PPPs) in infrastructure until 2024-25, with a budget of Rs. 8,100 crore. The revamped scheme introduces two sub-schemes to enhance private participation in social infrastructure. Sub-scheme 1 targets sectors like waste management and education, offering up to 30% of the total project cost (TPC) as VGF. Sub-scheme 2 supports pilot projects in health and education, providing up to 80% of capital expenditure and 50% of operational costs. The initiative aims to promote PPPs, create infrastructure, and boost employment.