{"id":150870,"date":"2023-07-11T12:49:59","date_gmt":"2023-07-11T07:19:59","guid":{"rendered":"https:\/\/www.gkseries.com\/blog\/?p=150870"},"modified":"2023-07-11T12:50:00","modified_gmt":"2023-07-11T07:20:00","slug":"nhb-operationalises-%e2%82%b910000-crore-urban-infrastructure-development-fund","status":"publish","type":"post","link":"https:\/\/www.gkseries.com\/blog\/nhb-operationalises-%e2%82%b910000-crore-urban-infrastructure-development-fund\/","title":{"rendered":"NHB operationalises \u20b910,000-crore Urban Infrastructure Development Fund"},"content":{"rendered":"\n<p><strong>NHB operationalises \u20b910,000-crore Urban Infrastructure Development Fund: <\/strong>National Housing Bank (NHB)\u00a0has operationalized the\u00a0Urban Infrastructure Development Fund (UIDF)\u00a0with an\u00a0initial corpus of Rs 10,000 crore.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.gkseries.com\/blog\/daily-current-affairs-and-quiz\/\" target=\"_blank\" rel=\"noreferrer noopener\">Daily Current Affairs Quiz: July 2023<\/a><\/p>\n\n\n\n<p>Finance Minister Nirmala Sitharaman in her 2023-24 Budget speech announced the setting up of the UIDF through the use of priority sector lending shortfall for the creation of urban infrastructure in Tier 2 and Tier 3 cities.<\/p>\n\n\n\n<p>The&nbsp;interest rate on UIDF loans&nbsp;has been kept at Bank Rate minus 1.5%, i.e., 5.25% (at present). The loan (principal) will be repayable in 5 equal annual installments within 7 years from the date of withdrawal, including a moratorium period of two years while interest will be payable on quarterly basis.<\/p>\n\n\n\n<p>Eligible projects:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Focus will be on basic services like sewerage and solid waste management, water supply and sanitation, construction and improvement of drains\/storm water drains, etc. and impact-oriented projects would be prioritised.<\/li>\n\n\n\n<li>The minimum size and maximum size of the project proposal shall be \u20b95 crores (\u20b9 1 crore for northeast &amp; hilly States) and \u20b9 100 crore respectively.<\/li>\n\n\n\n<li>The fund shall not be utilised for any type of maintenance works or for administrative\/establishment expenses.<\/li>\n\n\n\n<li>Further, housing, power and telecom, rolling stock like buses and trams, urban transport, health and education institutions would remain out of the purview of UIDF.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>NHB operationalises \u20b910,000-crore Urban Infrastructure Development Fund: National Housing Bank (NHB)\u00a0has operationalized the\u00a0Urban Infrastructure Development Fund (UIDF)\u00a0with an\u00a0initial corpus of Rs 10,000 crore. Daily Current Affairs Quiz: July 2023 Finance Minister Nirmala Sitharaman in her 2023-24 Budget speech announced the setting up of the UIDF through the use of priority sector lending shortfall for the [&hellip;]<\/p>\n","protected":false},"author":894,"featured_media":150873,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[5133],"tags":[74,4916],"class_list":["post-150870","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-affairs-july-2023","tag-bank-current-affairs","tag-national-current-affairs"],"_links":{"self":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/150870","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/users\/894"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/comments?post=150870"}],"version-history":[{"count":1,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/150870\/revisions"}],"predecessor-version":[{"id":150874,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/150870\/revisions\/150874"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media\/150873"}],"wp:attachment":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media?parent=150870"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/categories?post=150870"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/tags?post=150870"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}