Urban Reform Incentive Fund
The Urban Reform Incentive Fund (URIF) in India aims to provide States with incentives to undertake essential urban sector reforms. The Ministry has propos...
The Urban Reform Incentive Fund (URIF) in India aims to provide States with incentives to undertake essential urban sector reforms.
The Ministry has proposed to increase Reform Incentive Fund from Rs 500 crore during 2017-18 to over Rs 3,000 crore per year over the next three years.
The reforms to be undertaken by the States to receive incentives under URIF improve the responsiveness of local real estate markets, increase resource mobilization in Urban Local Bodies (ULBs), provide rigorous accounting of the management of public funds
The incentives given to the states will be on a grant basis.
URIF receive funds from International Bank for Reconstruction and Development (IBRD) and Government of India