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

Related Stories

Gold Stories

Next Story
Real Estate

Anshul Singhal launches Vantrock with Rs 42 billion development plan

Real estate professional Anshul Singhal has launched Vantrock Real Assets Private Limited (VRAPL), a Mumbai-headquartered platform focused initially on warehousing, industrial and logistics parks. The company plans to develop approximately 11.5 million sq ft of assets, with an estimated gross development value (GDV) of Rs 42 billion (approximately USD 434 million) on completion.The first phase will cover around 3 million sq ft across the National Capital Region (NCR), Bengaluru and Pune, with an estimated development value of Rs 11 billion (approximately USD 113 million). Construction is sched..

Next Story
Infrastructure Transport

Afcons wins CII award for biodiversity management

Afcons Infrastructure has received the Confederation of Indian Industry (CII) National Award for Environmental Best Practices 2026 in the Biodiversity Management category for its work on the Mumbai-Ahmedabad High Speed Rail Project’s C-2 package.The award was presented at a ceremony in Chennai on 9 October 2026. It was received by Mihir Mishra, Vice-President, CPE, and Sumon Paul, Assistant General Manager, HSE, along with the Afcons team.The project adopted several resource recovery and waste management practices. These included recycling concrete washout waste to recover sand, aggregates a..

Next Story
Technology

Indian businesses lead globally in planned AI investment, says Autodesk

Indian organisations are moving towards deeper integration of artificial intelligence (AI), digital technologies and sustainability into business operations, according to Autodesk’s 2026 State of Design & Make report. The fourth edition of the annual study highlights growing AI adoption, measurable outcomes from digital transformation and the role of sustainability in long-term business growth.The report found that 64 per cent of Indian organisations are approaching or have achieved their current AI goals. While 88 per cent believe AI will enhance their industry, up from 78 per cent in 2..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code