Question
Which among the following Institutions is regulator of
āUrban infrastructure development fundā?Solution
UIDF will be establishedĀ through the use of priority sector lending shortfall. Purpose: The fund will beĀ used by public agenciesĀ to createĀ urban infrastructure in tier-2 and tier-3 cities. It will beĀ managed by the National Housing Bank. It will be established onĀ the lines of the Rural Infrastructure Development FundĀ (RIDF). States will be encouragedĀ toĀ leverageĀ resources from theĀ grants of the 15th Finance Commission,Ā as well as existing schemes, toĀ adopt appropriate user chargesĀ while accessing the UIDF.
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