By Staff Reporter
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 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. The Fund will be managed by the National Housing Bank.
Eligible Activities for availing loans under the UIDF are aligned with the Missions and programmes of the Ministry of Housing and Urban Affairs, with a focus on basic services like sewerage and Solid Waste Management, water supply and sanitation, construction and improvement of drains/storm water drains. 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 crore.
This information was given by the THE MINISTER OF STATE IN THE MINISTRY OF HOUSING AND URBAN AFFAIRS SHRI KAUSHAL KISHORE, in a written reply in Rajya Sabha.