SMART Cities Mission: Selection & Fund allocation - Indian polity and Governance
Q. Consider the following statements related to SMART Cities Mission
1. Allocated fund of INR 48,000 crore
2. Each city selected will be given central assistance of INR 100 crore for 5 years
3. Smart City aspirants to be selected through City Challenge Competition for linking financing with capacity of cities to attain mission objectives.
4. Smart City Action Plans will be implemented by Special Purpose Vehicles (SPV)
Which of the above statements are correct? - Published on 05 May 15a. 1,2,3
b. 2,3,4
c. 1,3,4
d. All
ANSWER: 2,3,4
A city equipped with basic infrastructure to give a decent quality of life, a clean and sustainable environment of some smart solutions. After government announces the guidelines, states will be asked to nominate names of cities for a 'City Challenge Competition' and the chosen ones will get Central fund of Rs 100 crore each year for 5 years.
