Urban Infrastructure and Development Fund Flashcards
Government has set up the Urban Infrastructure Development Fund (UIDF) through use of _______
priority sector lending shortfall
Priority sector lending (PSL) shortfall is when a bank doesn’t meet its target for lending to priority sectors. Banks that fall short must deposit funds into some other fund like the Urban Infrastructure Fund or the Rural Infrastructure Fund
purpose
for creating urban infrastructure in Tier 2 and Tier 3 cities.
- UIDF aims to supplement the efforts of the State Governments for urban infrastructure development works implemented through Public/State Agencies, Municipal Corporations and Urban Local Bodies, by providing a stable and predictable source of financing.
The Fund will be managed by the______.
National Housing Bank
Eligible Activities for availing loans under the UIDF are aligned with the Missions and programmes of the Ministry of _________, with a focus on basic services like sewerage and Solid Waste Management, water supply and sanitation, construction and improvement of drains/storm water drains.
- The minimum size of a project is Rs. 5 crores (Rs. 1 crore for North-East & Hilly States) and the maximum size is ______.
Housing and Urban Affairs
Rs. 100 crore
The Urban Infrastructure Development Fund (UIDF) was established in the budget for the financial year ______.
2023-24
The fund will focus on cities and urban local bodies with a population between 50,000 and 9,99,999. This covers about 40% of the urban population.
The UIDF would focus on mid-sized cities with the potential to develop into regional economic hubs, while keeping the metropolitan and mega cities outside its scope.
tier 3 cities
cities with a population between 50,000 to 9,99,999 as per the latest census data as categorized as tier 3 cities
tier 2 cities
those cities with a population size between 1 lakh to 9,99,999.
urban areas with a population up to 50,000 are covered under ______
Rural Infrastructure
and Development Fund
