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Budget 2020 : FM proposes 5 new Smart Cities #Budget2020

#1
In her Budget speech, Finance Minister Nirmala Sitharaman has proposed the setting up five new Smart Cities. The speech did not make any mention of the Budgetary allocation.

The government in 2019 had allocated Rs 6,450 crore for the Smart Cities Mission for 2019-2020 against Rs 6,169 crore in 2018-2019, which is about 4.5 percent more than the amount set aside last year.

The government in 2018 had proposed over 50 percent increase in the allocation for smart cities in Budget 2018 from Rs 4,000 crore for 2017-2018 to Rs 6,169 crore for 2018-2019.

Under the SCM, 100 Smart Cities have been selected in four rounds based on an all India competition. All 100 cities have incorporated Special Purpose Vehicles (SPVs).

Since the launch of the mission, a total of 5,151 projects have been identified for implementation by the cities worth more than Rs 2 lakh crore which are in various stages of implementation in the 100 cities.

Read more on MoneyControl
 

scorpionking76

Administrator
EntMnt Staff
#2
I want to know what is a smart city? And how do you quantify it?
 
#3
A city that is planned with comprehensive development-institutional, physical, social and economic infrastructure.

Basically, cities that provide core infrastructure and give a decent quality of life to its citizens, a clean and sustainable environment and application of ‘Smart’ Solutions.
 

scorpionking76

Administrator
EntMnt Staff
#4
So cities which are in tier 2 and 3 ?
 

Sanjeev

Core Member
#6
And which are those 5 smart cities
 

D_Major

Administrator
EntMnt Staff
#7
More Smart City ! Existing one aren't good.