Tripura Infrastructure Investment Fund Scheme

(a) The Government may, by notification in the Gazette, frame a scheme to be called the ‘Tripura Infrastructure Investment Fund Scheme' for the establishment of a fund under this Act for investments in the infrastructure projects of the State and there shall be established, as soon as may be after the framing of the scheme, a fund in accordance with the provisions of this Act and the scheme. i. the fund corpus shall comprise of the net total of the amounts specified in sub-section (b) hereunder: (b) There shall be credited to the fund,— i. The amounts released to the Board from the budget allocation under section 15; ii. the amount borrowed by the Board under section 16; iii. grants or loans or advances made by any institution; iv. any amount raised by the Board from other sources to augment the resources of the Board; v. any other amount which, under the provisions of the scheme, shall be credited to the fund. (c) The fund shall vest in, and be administered by the Board constituted under section 5 in such manner as may be specified in the scheme. (d) The fund may be utilized for all or any of the following purposes, namely: i. to finance or leverage investments in infrastructure projects in the State; ii. to provide financial assistance to public sector under takings and other undertakings for their investments in infrastructure projects; iii. to redeem the bonds or debentures or any other financial instrument used to raise resources for the Fund and to repay the loans availed from co-operative banks, other commercial banks and any institution to implement the infrastructure project. iv. to finance or leverage investments and financial instruments relating to land acquisitions for infrastructure projects and other Government purposes; v. to provide funding for projects that face significant funding barriers because of the need to combine resources across multiple sectors or parts thereof: vi. to provide direct loans advances and loan guarantees to eligible projects, programmes of any legal entity or instrumentality including