Current Affair 1:

Urban Infrastructure Development Fund (UIDF) established through Priority Sector Lending Shortfall and to be used by Public Agencies to create urban infrastructure in Tier 2 & Tier 3 cities.

This fund will be managed by National Housing Bank and has been operationalized with an initial corpus of Rs.10,000 crore.

To address the problem of skewed regional development, UIDF will focus on cities/ Urban Local Bodies (ULBs) in the population group of 50,000 to 9,99,999 as per latest Census data covering about 40% of the Urban Population.

1. Tier 2 cities – 459 towns with population between 1 lakh to 9,99,999 as per latest census data
2. Tier 3 cities – 580 towns with population between 50,000 to 99,999 as per latest census data (currently 2011)

Thus, UIDF would focus on mid-sized cities with the potential to develop them into regional economic hubs, while keeping the metropolitan and mega cities outside its scope.

Eligible Activities:

Eligible Activities for UIDF shall be aligned to the Missions & programmes of the Ministry of Housing & Urban Affairs (MoHUA). These shall focus on basic services like Sewerage and Solid Waste Management, Water Supply and Sanitation, etc. Impact oriented projects may be prioritized.

Eligible Activities for availing loans under the UIDF are aligned with the Missions and programmes of the Ministry of Housing and Urban Affairs. 

The minimum size of a project is Rs. 5 crores (Rs. 1 crore for North-East & Hilly States) and the maximum size is Rs. 100 crores.

The list of some of the eligible activities are as under:

 

<< Previous Next >>