Budget 2018 – Mr Arun Jaitley allocates INR 2.04 lakh crore for 99 Smart Cities

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ET cited that Finance Minister Mr Arun Jaitley while presenting the Union Budget 2018-19 as saying that as many as 99 cities were selected under the ambitious Smart city mission at an outlay of INR 2.04 lakh crore. Infrastructure is a growth driver for the country. In the Smart City Mission that aims 100 cities, 99 smart cities have been selected and to be allocated INR 2.04 lakh crore, Mr Jaitley informed the Parliament.

Smart Cities Mission is one of the ambitious initiatives of the Mr Narendra-Modi led National Democratic Alliance (NDA) government IN June 2015 that aims to develop 100 cities across India that would also harness the Information Communication Technology (ICT) capabilities.

The Urban Development Ministry, in the first phase selected 20 cities in January 2016.

Currently, there are more than 2,500 projects worth over INR 1.35 lakh crore underway under the mega program while 189 projects amounting to close to INR 2,235 crore have already been completed.

Source : ET