Untitled Document
 
Untitled Document

Rajasthan Urban Infrastructure Finance & Development Corporation Ltd.

 

Urban infrastructure and Public Services for Rajasthan's burgeoning urban population is inadequate. On a conservative basis, a huge investment to the tune of Rs 8,000 crores to Rs 10,000 crores would be required in the next ten years to adequately address the infrastructure needs of various urban centers in Rajasthan. Over the years it has been seen that the following problems plague the urban infrastructure sector:

a. Supply Shortage of Urban Facilities
b. Absence of project Development
c. Absence of proper feasibility studies and project monitoring
d. Absence of Centralised Regulatory Authority

In view of the above and to provide funds to ailing municipal bodies in the State, the State government has formed a new entity-Rajasthan Urban Infrastructure Finance and Development Corporation (RUIFDCO). The corporation will take on the role of a facilitator and coordinator besides serving as a link between various schemes being operated by the Central government. The government's own schemes for upgradation of infrastructure will also be getting support from the corporation.

RUIFDCO is playing the role of a state level dedicated urban infrastructure financing agency that would support both the Government of India's (GOI) and Government of Rajasthan (GoR) objectives and policies for the urban sector. RUIFDCO isalso attempting to catalyse privately mobilized financial resources to bear on urban infrastructure investments financed by Urban Local Bodies.

 

DATE OF INCORPORATION: 01.12.2004

Main Objectives of the Company

• To take over the entire functions of RUIDP.
• To give financial assistance to ULBs/Govt. Agencies/Non Govt. Agencies.
• To give subsidy, aid, assistance of any financial nature to ULBs/Govt. Agencies/Non Govt. Agencies.
• To arrange or provide consultancy services, technical, financial and other consultancy to ULBs.
• To carry out survey for schemes and programme relating to Infrastructure Development.
• To receive amount as revenue from ULBs.
• To distribute on behalf of Govt. grant-in-aid and financial assistance to ULBs.
• To arrange or raise funds from public, institutional investor, Banks or Financial Institutions.
• To plan and financial monitor all type of project related to development of Urban Areas in Rajasthan.

 
ROLE OF SLNA
 

RUIFDCO has been designated as the State Level Nodal Agency for Implementation of JnNURM, UIDSSMT, BSUP, IHSDP Projects in Rajasthan. The following functions are being performed by RUIFDCO as SLNA:

a. Appraisal of projects submitted by ULBs/Para-statal agencies;
b. Obtaining sanction of State Level Steering Committee for seeking assistance from Central Government under JNNURM;
c. Management of grants received from Central and State Government;
d. Release of funds to ULBs/Para-statal agencies either as grant, or soft loan or grant cum loan.
e. Management of Revolving Fund
f. Monitoring physical and financial progress of sanctioned projects;
g. Monitoring implementation of reform as entered into MoA.

 
PROJECTS being implemented under JNNURM/UIDSSMT/BSUP/IHSDP SCHEMES:
 

S.No.

SCHEME

NO. OF PROJECTS

COST IN CRORE

01

JNNURM

14

Rs. 1245.84

02

UIDSSMT

38

Rs. 628.92

03

BSUP

2

Rs. 277.13

04

IHSDP

30

Rs. 335.82

 
OTHER INITIATIVES

 

IRMA

For review and monitoring process of project under JNNURM and to keep track of the physical and financial progress of projects through out the project development life cycle.

 

PMU

To enhance the capacity of SLNA and to provide the requisite technical and managerial support to SLNA for implementation of projects approved under JNNURM.

 

RAJASTHAN URBAN DEVELOPMENT FUND (RUDF)

The objective of RUDF will be:
1. To identify the bankable urban infrastructure Projects across the ULBs
2. To develop the identified projects
3. To facilitate the funding of urban infrastructure projects
4. To mobilise financial resources from the market
5. To assist various agencies involved in urban development in the state

 

PROJECT UNDER UNDP

• ULBs covered: Bharatpur, Bhilwara, Tonk and Shri Ganganagar
• The total cost of the project : Rs. 1.87 Cr.

The 4 modules under the project have been taken up:
• Credit Rating of four ULBs
• Preparation of CDPs for these towns
• Implementing Urban Development Tax Module
• Shift to Accrual Based Financial Accounting System

 

E-NAGAR MITRA PROJECT


Phase I:
19 ULB’s and 6 Regional Offices of Directorate of Local Bodies.
Phase II: 158 ULBs as per NeGP Mission Mode Project to provide efficient citizen services on BOOT Basis.

 

PROJECT MANAGEMENT CONSULTANCY (PMC) is goining to be engaged for smooth and successful implementation of the E- Nagar Mtra.

 
LIST OF DIRECTOR AND THEIR DESIGNATION

S.No.

Name

Designation

01

Hon. Sh. Shanti Kumar Dhariwal

Hon’ble Minister, UDH & LSG Department. Chairman & Director, RUIFDCO

02

Dr. G.S. Sandhu, IAS

Principal Secretary, UDH & LSG Department & Vice-Chairman & Director, RUIFDCO

03

Sh. Dinesh Kumar Goyal, IAS

Principal Secretary, PWD. Director, RUIFDCO

04

Sh. Yaduvendra Mathur, IAS

Special Secretary, Finance (Exp) Department, Director, RUIFDCO

05

Sh. Ram Lubhaya, IAS

Principal Secretary, PHED. Director, RUIFDCO

06

Dr. R. Venkateswaran, IAS

Secretary LSG. Executive Director cum CEO, RUIFDCO

 
LIST OF SHAREHOLDERS

S.No.

Name of Shareholders

Address

No. of Shares Held

01

H.E. the Governor of Rajasthan on behalf of Government of Rajasthan

Government of Rajasthan

79,99,9993

02

Sh. Dinesh Kumar Goyal, Pr. Secy. PWD on behalf of Government of Rajasthan

Pr. Secretary, PWD, Gov. of Rajasthan

1

03

Sh. Yaduvendra Mathur, Secy. Finance (Exp.) Department on behalf of Government of Rajasthan

Secretary Finance (Exp.), Government of Rajasthan

1

04

Sh. G.S. Sandhu, Principal Secretary, UDH & LSG Department on behalf of Government of Rajasthan

UDH & LSG Department, Secretariat, Jaipur

1

05

Sh. K.C. Agarwal, Additional Director, DLB on behalf of Government of Rajasthan

Directorate Local Bodies, Government of Rajasthan

1

06

Sh. Dev Raj Singh Khangrot, CAO, DLB on behalf of Government of Rajasthan

CAO, Directorate Local Bodies, Government of Rajasthan

1

07

Smt. Aarti Bhagotia, Sr. AO, DLB on behalf of Government of Rajasthan

Directorate Local Bodies, Government of Rajasthan

1

08

Sh. Ramesh Sankhala, Sr. AO, DLB on behalf of Government of Rajasthan

Directorate Local Bodies, Government of Rajasthan

1

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