Need for the Pooled Finance Development Fund (PFDF) Scheme
The PFDF scheme was designed keeping in mind the utilization of financial resources that could be readily available to the urban local bodies. It was also intended to improvise the facilities or food deliveries, aims and sustainable development, and urban infrastructure facilities. It will also allow the cities to easily access the funds available in the market and utilize them to develop their infrastructure projects.
Pooled Finance Development Fund Scheme
The Pooled Finance Development Fund (PFDF) scheme was started to initiate the facility of providing credit enhancement to the urban local bodies. The PFDF scheme gained popularity after it came into force in the year 2006. The scheme was first approved by the central government before it came into action. The main agenda of this scheme was to access the market borrowings for all the urban local bodies and then provide them with a qualified credit limit that was available based on their profile. This process was to be made available through the state-level Pool finance mechanism.
Since the mechanism was to be implemented at the state level, therefore, the name state-level pool finance mechanism was derived from the entire process of the PFDF scheme. The PFDF scheme had the following goals in mind.
Contact Us