urban-reform-incentive-fund

About 

  • The Urban Reform Incentive Fund (URIF) in India aims to provide States with incentives to undertake essential urban sector reforms.
  • The Ministry of Urban Development 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 receives funds from International Bank for Reconstruction and Development (IBRD) and Government of India.