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News:NITI Aayog and Ladakh have signed an MoU under which NITI Aayog will support Ladakh through its initiative Development Support Services to States for Infrastructure Projects(DSSS).
Facts:
About Development Support Services to States for Infrastructure projects:
- The Development Support Services For States(DSSS) For Infrastructure Projects is implemented by the NITI Aayog.
- The initiative aims to establish a Centre-State partnership model and reignite and establish Private Public Partnership across infrastructure sectors.
- It was launched to de-risk projects and address key structural issues in project development and build institutional and organizational capacities.
- The initiative involves providing project level support from concept plan till financial closure to State Governments / UTs.
- NITI Aayog has appointed Ernst & Young LLP as its consultant to engage with states to identify a project shortlist and providing transaction management for implementing selected infrastructure projects on ground.
