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Government to announce next set of 40 smart cities by June end
The Urban Development Ministry will announce by June-end the next set of 40 cities for central funding under the Narendra Modi government's flagship scheme Smart City Mission. Launched on June 25, 2015, the mission aims to develop 100 smart cities across the country in a five-year period. The government has earmarked Rs 48,000 crore for the development of these cities. Under the program, each selected city will be given Rs 500 crore over a period of five years by the Centre with the respective states expected to make the matching contribution.
So far, 60 cities have been selected for the scheme and the remaining 40 cities would be announced by June end, an official said. The ministry is also preparing a report card on its Smart City Mission as the scheme is set to complete two years of its launch this June. The government wants to ensure that about Rs 30,000 crore worth of projects, mostly from the first set of 20 cities, are under execution or ready for it, a ministry spokesperson said.