Smart Cities need access to external funding; here's how Arun Jaitley can do it in budget
8 years, 1 month ago

Smart Cities need access to external funding; here's how Arun Jaitley can do it in budget

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The Government of India has proposed to create 100 smart cities under the Smart Cities Mission launched in June 2015. The Union Budget is around the corner and some of the financing issues of Smart Cities can be addressed by Finance Minister, Arun Jaitley, through following options: Budget allocation for smart cities mission The 100 smart cities of India have ambitious plans to develop projects pipeline. In order to ensure good convergence, it is suggested that a separate line of budget be created within key Ministries/ departments to provide funding support for their projects being undertaken under Smart Cities. National smart city financing facility Smart Cities Mission has attracted attention of various investors. Smart cities development fund The Smart Cities Mission has created project vehicles which will be responsible for planning and implementation of smart city projects even beyond the mission period.

History of this topic

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