The Urban Infrastructure Development Fund (UIDF) has been created by the government, which aims to enhance urban infrastructure in smaller cities. It specifically targets Tier 2 and Tier 3 cities, which is crucial for improving essential services in these areas.
Purpose of UIDF
The UIDF addresses the shortfall in priority sector lending, which supports State Governments, Union Territories, and local agencies. The fund focuses on developing critical urban services.
Key Areas of Focus
UIDF prioritizes several essential projects, which include sewerage systems, solid waste management, and water supply. Sanitation and drainage system improvements are also included, aiming to enhance living conditions in urban areas.
Financing Structure
The UIDF provides a consistent source of funding, ensures reliable financial support for urban infrastructure projects. This stability is vital for long-term urban development initiatives. The National Housing Bank manages the UIDF, oversees the allocation of funds. It ensures that resources are used effectively for urban projects.
Ministerial Announcement
Shri Tokhan Sahu, Minister of State for Housing and Urban Affairs, announced the UIDF. He shared this information in the Lok Sabha. The announcement marks the government’s commitment to improving urban infrastructure.
The UIDF aims to bridge the infrastructure gap in smaller cities. Improved services will enhance the quality of life for residents. The fund encourages sustainable urban development practices.
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