Ministry of Housing & Urban Affairs

Finance Commission has recommended a performance-based challenge fund of ₹ 8,000 crore to States for incubation of new cities

Posted On: 28 JUL 2021 3:03PM by PIB Delhi

The XV Finance Commission, in its report submitted to the Government of India, has recommended a performance-based challenge fund of 8,000 crore to States for incubation of new cities. The amount available for each proposed new city is 1,000 crore and a State can have only one new city under the proposed scheme.  Thus, a maximum of eight States can avail this grant for eight new cities over the award period of the Commission.  The detailed modalities for the scheme have not been worked out.

Moreover, Area Based development is a key strategic component of the Smart Cities Mission, launched on June 25, 2015.  Area Based development models include city improvement (retrofitting), city renewal (redevelopment) and/or city extension (Greenfield development).  100 cities have been selected for development as Smart Cities over 4 rounds of competition conducted between January 2016 to June 2018.  The details of Smart Cities that have opted for greenfield development or a combination of models are as following:

State

Smart City

ABD Component

Jharkhand

Ranchi

Greenfield

Maharashtra

Aurangabad

Greenfield

Gujarat

Rajkot

Greenfield

Andhra Pradesh

Amaravati

Greenfield

Madhya Pradesh

Satna

Greenfield

West Bengal

New Town Kolkata

Retrofitting+Greenfield

Maharashtra

Nashik

Retrofitting+Greenfield

Chhattisgarh

Atal Nagar

Redevelopment+Greenfield

 

This information was given by the Minister of State in the Ministry of Housing and Urban Affairs, Shri Kaushal Kishore, in a written reply in the Rajya Sabha today.

 

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