With reference to Urban Infrastructure Development Fund consider the following statements It is esta...........

Economic Affairs Housing

Download Solution PDF

With reference to Urban Infrastructure Development Fund, consider the following statements

It is established through the use of priority sector lending shortfall.
It is used by public agencies to create urban infrastructure in tier-2 and tier-3 cities.
It is managed by the National Bank for Agriculture and Rural Development (NABARD).

How many of the above statements are correct?

Only One

Only Two

All Three

None

छोटे Courses बड़े Results

Master Housing

Prepare through Micro-courses

Try Now

Explanation:

Only statements 1&2 are correct.

Recently, the Minister of State in the Ministry of Housing and Urban Affairs informed in Lok Sabha that the 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.

It is established through the use of priority sector lending shortfall.
Purpose: The Fund will be used by public agencies to create urban infrastructure in tier-2 and tier-3 cities.
It aims to supplement the efforts of the State Governments / UTs 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 for providing basic services like Sewerage and Solid Waste Management, Water Supply and Sanitation, construction and improvement of drains/ storm water drains, etc.
It is managed by the National Housing Bank.

Hence option 2nd is correct.