NEW DELHI: Around Rs 90,000 crore out of the Rs 1 lakh crore Urban Challenge Fund (UCF) will be utilised for partial funding for 60 types projects that cities can take up, including development of infrastructure, revitalisation of old city areas (5-20 sqkm) and development of old markets.Cities can also implement projects for preventing urban…
The Union Cabinet has approved the launch of the Urban Challenge Fund (UCF) with a total Central Assistance of Rs 1 lakh crore, aimed at driving market-linked urban infrastructure development and catalysing investments worth around Rs 4 lakh crore over the next five years.The fund marks a shift in urban development model away from grant-based…
Screengrab (Ashwini Vaishnaw) The Union Cabinet has cleared a series of major infrastructure projects spanning railways, roads, tunnels and metro expansion, alongside large-scale urban and startup funding decisions, with the total approved outlay pegged at about Rs 1,60,504 crore, cabinet minister Ashwini Vaishnaw informed on Saturday.A significant portion of the approvals is directed towards transport…