Cabinet Approves Rs. One Lakh Crore for Urban Transformation
The Union Cabinet, led by Prime Minister Narendra Modi, approved the Urban Challenge Fund to foster market-led urban transformation with central assistance of Rs. One lakh crore. This initiative aims to boost urban development through market finance, private participation, and comprehensive citizen-centric reforms. The fund is expected to kickstart in FY 2025–26 and aims to create climate-responsive and inclusive cities, steering economic growth.
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