Financial Services Secretary, Vivek Joshi, has called for the rapid sanction and disbursement of loans to designated projects under the Rs 10,000-crore Urban Infrastructure Development Fund (UIDF) as part of a bid to construct better infrastructure in Tier 2 and 3 cities in India. Launched with an initial corpus of Rs 10,000 crore, UIDF offers interest rates of 5.25% on loans, which are to be used for urban infrastructure development through the use of priority sector lending shortfall.from Banking/Finance-Industry-Economic Times https://ift.tt/4SPIsxz
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