Tamil Nadu tops in smart city fund utilisation
SMART CITIES

Tamil Nadu tops in smart city fund utilisation

Tamil Nadu tops the list of states so far as utilisation of funds under the government’s flagship Smart City Mission is concerned. While Tamil Nadu has spent over Rs 3,932 crore out of the Rs 4,333 crore released by the Centre, Uttar Pradesh is at second position with utilisation of Rs 2,699 crore out of the Central share release of Rs 3,142 crore.

The Central government launched the Smart Cities Mission (SCM) on 25 June, 2015. Hundred smart cities have been selected through four rounds of competition from January 2016 to June 2018. As per SCM guidelines, the Central government will provide financial support to the extent of Rs 48,000 crore over five years which is on an average Rs 100 crore per city per year. The state government or urban local body will contribute an equal amount on a matching basis.

As on 8 July 2022, the Centre has released Rs 30,751.41 crore for 100 smart cities, out of which Rs 27,610.34 crore (90%) has been utilised.

Tamil Nadu tops the list of states so far as utilisation of funds under the government’s flagship Smart City Mission is concerned. While Tamil Nadu has spent over Rs 3,932 crore out of the Rs 4,333 crore released by the Centre, Uttar Pradesh is at second position with utilisation of Rs 2,699 crore out of the Central share release of Rs 3,142 crore. The Central government launched the Smart Cities Mission (SCM) on 25 June, 2015. Hundred smart cities have been selected through four rounds of competition from January 2016 to June 2018. As per SCM guidelines, the Central government will provide financial support to the extent of Rs 48,000 crore over five years which is on an average Rs 100 crore per city per year. The state government or urban local body will contribute an equal amount on a matching basis. As on 8 July 2022, the Centre has released Rs 30,751.41 crore for 100 smart cities, out of which Rs 27,610.34 crore (90%) has been utilised.

Next Story
Real Estate

Indian real estate attracts USD 1.4 bn institutional investments in Q1 2026: Vestian

Institutional investments in India’s real estate sector touched USD 1.4 billion in Q1 2026, marking the highest first-quarter inflow since 2022, according to Vestian. While investments fell 62 per cent quarter-on-quarter due to an exceptionally high base in the previous quarter, they rose 74 per cent compared to the same period last year, reflecting sustained investor confidence despite rising geopolitical and macroeconomic challenges.Commercial real estate remained the key driver of investment activity during the quarter, accounting for 80 per cent of total inflows, sharply higher than 38 p..

Next Story
Infrastructure Transport

VECV crosses 1 lakh annual vehicle sales milestone in FY26

VE Commercial Vehicles (VECV), a joint venture between Volvo Group and Eicher Motors, has surpassed the 1 lakh annual sales mark in FY 2025–26, recording its highest-ever commercial vehicle sales performance. The company said it sold more than 100,000 vehicles during the year, marking a major milestone aligned with the original vision of the Volvo–Eicher joint venture.The strong performance was supported by demand across categories. Light and Medium Duty (LMD) trucks contributed 47,789 units, accounting for 46.1 per cent of total sales. Heavy Duty (HD) trucks recorded 26,867 units (25.9 pe..

Next Story
Technology

Rodic Digital & Advisory partners SatSure to deploy EO intelligence in public sector

Rodic Digital & Advisory (RDA), the strategic advisory and digital transformation arm of Rodic Consultants, has signed a strategic cooperation Memorandum of Understanding (MoU) with SatSure to jointly pursue opportunities in India’s public sector. The collaboration aims to integrate high-resolution Earth Observation (EO) data and geospatial AI into government workflows to strengthen monitoring, compliance, and operational decision-making across key sectors.The partnership combines SatSure’s Earth intelligence capabilities with RDA’s expertise in government digital transformation and ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement