Cabinet clears Rs 1 lakh crore Urban Challenge Fund to drive market-led city infrastructure push
The Union Cabinet has greenlit the Urban Challenge Fund, allocating Rs 1 lakh crore to spur market-linked urban infrastructure over five years. This initiative aims to attract Rs 4 lakh crore in investments, focusing on reform-driven development and citizen-centric projects. A Rs 5,000 crore credit support aims to boost market access for smaller cities.🕒 1 min read
The Union Cabinet has greenlit the Urban Challenge Fund, allocating Rs 1 lakh crore to spur market-linked urban infrastructure over five years. This initiative aims to attract Rs 4 lakh crore in investments, focusing on reform-driven development and citizen-centric projects. A Rs 5,000 crore credit support aims to boost market access for smaller cities.
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