What is the objective of the ₹10,000-crore Urban Infrastructure Development Fund (UIDF) operationalized by the National Housing Bank?

(a) To provide housing loans to low-income individuals in tier-2 and tier-3 cities.
(b) To support the development of urban infrastructure in tier-2 and tier-3 cities.
(c) To invest in rural infrastructure projects across the country.
(d) To promote the construction of high-rise buildings in metropolitan areas.

Ans.(b)
Sol. The National Housing Bank (NHB) has announced the operationalization of the ₹10,000-crore Urban Infrastructure Development Fund (UIDF), as outlined in this year’s Budget. The fund aims to facilitate the creation of urban infrastructure in tier-2 and tier-3 cities, supplementing the efforts of state governments.