New Enroll in RBI Grade B New Batch - Starts on May 21

    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?
    A Government Bonds Correct Answer Incorrect Answer
    B Grants by the International Institutions Correct Answer Incorrect Answer
    C Both a & b Correct Answer Incorrect Answer
    D CSR Funds of PSUs Correct Answer Incorrect Answer
    E priority sector lending shortfall Correct Answer Incorrect Answer

    Solution

    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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