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Govt funding for 60 smart cities may be increased by Rs 6,400 crore

07 Oct 2016

smartcity-copyNEW DELHI: In the second year of the Smart Cities Mission, the Ministry of Urban Development (MoUD) is looking for  Rs 6,400 crore push to one of Prime Minister Narendra Modi's pet initiatives.

With 60 cities in various phases of implementing the programme, the ministry is thinking to increase its outlay by nearly 80%.

The urban development ministry has written to the finance ministry that the outlay of Rs 3,600 crore for the current fiscal is insufficient and needs to be increased to Rs 10,000 crore at the revised estimates stage, terming the enhanced outlay “critical” funding over the next four months.

To underline the urgency, the ministry has also written to the Prime Minister’s Office to weigh in, authorities said.

Of the 100 urban areas under the mission, 20 were chosen a year ago through the 'India Smart Cities Challenge'.

In the second year, these 20 urban areas should be given Rs 100 crore each by the Center This translates into a commitment of Rs 2,000 crore.

This year, a second fast track round was conducted to choose 13 cities, which need to be given Rs 200 crore each, or Rs 2,600 crore in all. The last round, concluded in September, threw up another 27 cities, which again need Rs 200 crore each, or support amounting to Rs 5,400 crore.

"The aggregate expense ought to be Rs 10,000 crore yet the mission has been  earmarked only Rs 3,600 crore. The shortfall of Rs 6,400 crore needs to be made good. This is why we have sought additional funds,” a senior ministry official told.

The authority further said, "It is critical to the progress of the mission. We have reached the halfway mark and now cities will be implementing projects. Funds are critical here.”

Since the PMO is checking the flagship programme, the ministry has impressed upon it that the funds are necessary for its timely implementation, the official said.

By Sanjay Bansal | Founder & CEO | Affordable Homes India

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