In connection with the Urban Infrastructure Development Fund (UIDF), which of the following statement/statements is/are valid?

I. The fund will be established through reserved bonds taken from the G-Sec market.

II. The fund is to be exclusively availed by private agencies to create urban  infrastructure in Tier 2 and Tier 3 cities.

III. Eligible activities for UIDF shall be connected to the Missions and Programmes of the Ministry of Housing & Urban Affairs (MoHUA).

IV. The fund will be collectively managed by a cluster of Municipal Cooperative Banks.

Select the correct answer using the codes given below:

Key Points

• The Urban Infrastructure Development Fund (UIDF) is designed to support urban infrastructure development in Tier 2 and Tier 3 cities.
• Eligible activities for UIDF are connected to the Missions and Programmes of the Ministry of Housing & Urban Affairs (MoHUA), focusing on urban infrastructure projects.
• UIDF is aimed at improving the urban infrastructure, and it aligns with the broader goals of the government to enhance the quality of life in smaller cities.
• The fund will not be established through reserved bonds from the G-Sec market, nor will it be exclusively availed by private agencies or managed by Municipal Cooperative Banks.

Additional Information

• Urban Infrastructure Development Fund (UIDF)
  • The UIDF is intended to support the creation and enhancement of urban infrastructure in Tier 2 and Tier 3 cities in India.
  • It aims to bridge the infrastructure gap in smaller cities, making them more livable and sustainable.
  • The fund is not to be utilized exclusively by private agencies; it is available for public projects aligned with the Ministry of Housing & Urban Affairs' Missions and Programmes.
  • The management and establishment of the fund are not through reserved bonds from the G-Sec market, nor is it managed by Municipal Cooperative Banks.
• Ministry of Housing & Urban Affairs (MoHUA)
  • MoHUA is the apex body responsible for the formulation and administration of the rules and regulations and laws relating to the housing and urban development in India.
  • It undertakes various missions and programmes aimed at improving urban infrastructure, housing, and living conditions in cities.
  • Key missions under MoHUA include the Smart Cities Mission, AMRUT (Atal Mission for Rejuvenation and Urban Transformation), and the Pradhan Mantri Awas Yojana (PMAY).