There are certain activities that need to be carried out post identification of the project to ensure smooth development at a later stage. These activities include the following:
1. Constitution of a Project Management Cell/ Unit/Team
2. Stakeholder consultation
3. Hiring of Transaction Advisors/ Consultants/ Experts, etc.
4. Obtaining preliminary approvals
It is at this stage that the public entity may explore the availability of funds/ schemes that facilitate the carrying out of certain activities such as the preparation of concept plans, feasibility studies, detailed project reports (DPR), etc.
A few such Government of India schemes are indicated below:
• India Infrastructure Project Development Fund (IIPDF) which funds feasibility studies and transaction related services (only if the project is proposed for development through a PPP framework).
• Scheme for the development of mega destination development/circuit development/rural tourism under the Ministry of Tourism which funds the preparation of DPR/ feasibility reports, etc.