Government to provide Rs 10,000 crore/year under Urban Infrastructure Development Fund
The government will provide Rs 10,000 crore per annum for an Urban Infrastructure Development Fund (UIDF), that will be established through use of priority sector lending shortfall.
Announcing the proposal during her speech for the 2023-24 budget, Finance Minister Nirmala Sitharaman said the UIDF will be managed by the National Housing Bank and will be used by public agencies to create urban infrastructure in Tier 2 and Tier 3 cities.
