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Smart Cities Mission :
✅The Smart Cities Mission is an initiative of the Union Housing and Urban Affairs Ministry.
✅It was launched by Prime Minister Narendra Modi on June 25, 2015.
✅Cities across the country were asked to submit proposals for projects to improve municipal services and to make their jurisdictions more liveable.
✅Objective
🔰The main objective of the Mission is to promote cities that provide core infrastructure, clean and sustainable environment and give a decent quality of life to their citizens through the application of ‘smart solutions’.
🔰The Mission aims to drive economic growth and improve quality of life through comprehensive work on social, economic, physical and institutional pillars of the city.
✅Funding
🔰The Mission is operated as a Centrally Sponsored Scheme.
🔰Central Government will give financial support to the extent of Rs. 48,000 crores over 5 years i.e., on an average Rs.100 crore per city per year.
🔰An equal amount on a matching basis is to be provided by the State/ULB.
🔰Additional resources are to be raised through convergence, from ULBs’ own funds, grants under Finance Commission, innovative finance mechanisms such as Municipal Bonds, other government programs and borrowings.
Repost from CSE EXAM ( UPSC prelims mains)
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Repost from CSE EXAM ( UPSC prelims mains)
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