Question

As per Union Budget 2023-24, what is the expected annual budget allocation for the Urban Infrastructure Development Fund (UIDF)?

A ₹1000 crore Correct Answer Incorrect Answer
B ₹5000 crore Correct Answer Incorrect Answer
C ₹7500 crore Correct Answer Incorrect Answer
D ₹10,000 crore Correct Answer Incorrect Answer
E ₹15,000 crore Correct Answer Incorrect Answer

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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