Urban Infrastructure Development Fund
Recently, the Union Housing and Urban Affairs Ministry said the first tranche of loans to fund ongoing projects under the Urban Infrastructure Development Fund (UIDF) will be disbursed soon.
About UIDF
- Establishment:UIDF was established through the use of priority sector lending shortfall on the lines of the Rural Infrastructure Development Fund (RIDF).
- Coverage: It currently covers 459 tier-2 cities and 580 tier-3 cities.
- Fund: The initial corpus for this Fund is Rs. 10,000 crore.
- Usage: The Fund will be used by public agencies to create urban infrastructure in tier-2 and tier-3 cities.
- Focus: The focus will be on basic services like sewerage ....
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