Question
As per Union Budget 2023-24, what is the expected
annual budget allocation for the Urban Infrastructure Development Fund (UIDF)?Solution
As per the Union Budget 2023-24, the Government expects to make available ₹10,000 crore per annum for the Urban Infrastructure Development Fund (UIDF). The UIDF will be used by public agencies to create urban infrastructure in Tier 2 and Tier 3 cities, and states will be encouraged to leverage resources from the grants of the 15th Finance Commission and existing schemes to adopt appropriate user charges while accessing the UIDF.
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