Question
In the Union Budget 2023-24, Government indicated that
an Urban Infrastructure Development Fund (UIDF) will be established. This will be managed by the National Housing Bank. Which of the following will be the major source of funding for the same?Solution
Explanation: The Finance Minister mentioned that an Urban Infrastructure Development Fund (UIDF) will be established through use of priority sector lending shortfall. This 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.
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