<h1>Viability Gap Funding repayment condition requires state to reimburse central VGF under an NPV model, prompting unequal treatment concerns.</h1> Acceptance of central Viability Gap Funding for the Vizhinjam International Port is subject to a Net Present Value (NPV) repayment condition, which obliges the State to repay the central share. The Centre refused to release funds without this condition; the State contends the NPV repayment imposes substantial fiscal burden and is being applied inconsistently compared to a similar port project, raising concerns about unequal treatment in funding conditions.