Urban Infrastructure Development Fund (UIDF)

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.

Important Facts for Exams:

1. UIDF: The Urban Infrastructure Development Fund aims to enhance urban infrastructure in smaller cities. It specifically targets Tier 2 and Tier 3 cities for essential service improvements.
2. National Housing Bank: The National Housing Bank manages the UIDF. This institution ensures effective allocation of funds for urban infrastructure projects across various regions in India.
3. Priority Sector Lending: Priority sector lending refers to the financial support directed towards vital sectors. The UIDF addresses the shortfall in this lending to enhance urban infrastructure in smaller cities.

Month: Current Affairs - December, 2024

Category: Government Schemes Current Affairs