MoHUA Issues Advisory for Smart City SPVs

The Ministry of Housing and Urban Affairs (MoHUA) has issued an advisory to repurpose Special Purpose Vehicles (SPVs) established under the Smart Cities Mission (SCM) to enhance their role in urban development. The advisory outlines a roadmap for SPVs to continue operating beyond the mission's completion in March 2025, focusing on project implementation, technology support, consulting, research, and investment facilitation. It emphasizes the need for states to integrate SPVs into long-term governance frameworks to address evolving urban challenges and ensure financial sustainability.

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