ESTABLISHMENT OF URBAN INFRASTRUCTURE DEVELOPMENT FUND

ESTABLISHMENT OF URBAN INFRASTRUCTURE DEVELOPMENT FUND

Government has set up the Urban Infrastructure Development Fund (UIDF) through use of priority sector lending shortfall for creating urban infrastructure in Tier 2 and Tier 3 cities. UIDF aims to supplement the efforts of the State Governments / UTs 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 for providing basic services like Sewerage and Solid Waste Management, Water Supply and Sanitation, construction and improvement of drains/ storm water drains, etc. The Fund is managed by the National Housing Bank.

The reply was given by Minister of State in the Ministry of Housing and Urban Affairs Shri Tokhan Sahu in Lok Sabha today.