Centre to give Rs 480 bn support for Smart Cities over 5 years
SMART CITIES

Centre to give Rs 480 bn support for Smart Cities over 5 years

The Centre will provide Rs 480 billion in financial support for the development of smart cities in the country, Minister of State for Housing and Urban Affairs Kaushal Kishore said.

The Centre launched the Smart Cities Mission (SCM) on June 25, 2015. One hundred cities have been selected to be developed as Smart Cities through four rounds of competition from January 2016 to June 2018.

As per the Smart Cities Mission (SCM) guidelines, the central government will provide financial support to the extent of Rs 480 billion crore over five years, or an average of Rs 1 billion crore per city per year. An equal amount on a matching basis will be contributed by the state government/urban local body (ULB), Kishore told the Rajya Sabha.

As on July 8 this year, the Centre has released Rs 3,075.14 billion for 100 smart cities, of which Rs 2,761.03 billion (90 per cent) has been utilised, the minister said.

As on July 8, 2022, these Smart Cities have tendered 7,822 projects worth Rs 1,906.60 billion; work orders have been issued in 7,649 projects worth Rs 1,809.96 billion and 4,085 projects worth Rs 6,691.20 billion have been completed.

See also:
Officials urged to expedite the Smart City project in Jalandhar
GVMC corporators to go on a smart cities study tour


The Centre will provide Rs 480 billion in financial support for the development of smart cities in the country, Minister of State for Housing and Urban Affairs Kaushal Kishore said. The Centre launched the Smart Cities Mission (SCM) on June 25, 2015. One hundred cities have been selected to be developed as Smart Cities through four rounds of competition from January 2016 to June 2018. As per the Smart Cities Mission (SCM) guidelines, the central government will provide financial support to the extent of Rs 480 billion crore over five years, or an average of Rs 1 billion crore per city per year. An equal amount on a matching basis will be contributed by the state government/urban local body (ULB), Kishore told the Rajya Sabha. As on July 8 this year, the Centre has released Rs 3,075.14 billion for 100 smart cities, of which Rs 2,761.03 billion (90 per cent) has been utilised, the minister said. As on July 8, 2022, these Smart Cities have tendered 7,822 projects worth Rs 1,906.60 billion; work orders have been issued in 7,649 projects worth Rs 1,809.96 billion and 4,085 projects worth Rs 6,691.20 billion have been completed.See also: Officials urged to expedite the Smart City project in JalandharGVMC corporators to go on a smart cities study tour

Next Story
Infrastructure Urban

Odisha Cabinet Approves Rs 6.1 Billion Urban Development, Boosts Biotech

The Odisha Cabinet on Friday approved four key proposals, including a Rs 6.1 billion allocation for the Mukhyamantri Sahari Bikash Yojana urban development scheme, aimed at upgrading city infrastructure and creating employment across urban areas in the state.Chaired by Chief Minister Mohan Charan Majhi, the Cabinet sanctioned the major urban infrastructure plan along with a Rs 1.11 billion initiative to promote biotechnology and life sciences over five years, positioning Odisha as a biotech hub in eastern India.In addition, the Cabinet waived a land premium of over Rs 26 million for the Narcot..

Next Story
Infrastructure Urban

PMC Advances Rs 15 Billion Flood Mitigation Plan for Sinhagad Road

Pune Municipal Corporation (PMC) has taken a major step in flood mitigation with a Rs 15 billion plan targeting flood-prone areas along Sinhagad Road, including Ektanagari, Vitthalnagar, and Nimbajnagar. The initiative focuses on relocating residents and business owners from designated ‘blue zones’—areas highly vulnerable to flooding—to safer municipal land at Hingne Khurd, outside the floodplain.The relocation plan involves demolishing approximately 1,383 residential units and 67 commercial establishments in the flood-affected localities. This is being carried out under the Urban Rede..

Next Story
Infrastructure Urban

Odisha CM Lays Foundation for Rs 28 Billion Industrial Projects

Odisha Chief Minister Mohan Charan Majhi laid the foundation stone for 12 industrial projects worth over Rs 28 billion at a special event in Chhatrapur, Ganjam district, on Thursday. The projects span diverse sectors including green hydrogen, chemicals, and renewable energy, marking a transformative phase in the region’s industrial development.“This marks a new milestone in Ganjam’s industrial growth and opens a fresh path to prosperity for the district,” Majhi said. He added that these initiatives are expected to generate more than 15,000 jobs locally.Highlighting the success of the ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?