New Delhi, April 15 (IANS) Union Minister for Housing and Urban Affairs, Manohar Lal, on Wednesday launched the operational guidelines for the Urban Challenge Fund (UCF) along with the Credit Repayment Guarantee Sub-Scheme (CRGSS), saying the Rs 1 lakh crore fund is designed to mobilise nearly four times investment through market-based financing.Addressing the launch event, the minister said the UCF represents a paradigm shift in India’s approach to urban development, focusing on leveraging pu…
Latest Urban Challenge Fund News & Updates
Chandigarh, April 3 (IANS) Haryana Chief Minister Nayab Singh Saini on Friday directed that the entire process of approving building plans for residential and commercial structures be made fully online, aiming to enhance transparency, improve citizen convenience, and reduce processing time.Chairing a meeting of the Urban Local Bodies Department at the Secretariat here, the Chief Minister said timelines should be clearly defined and accountability of officials fixed to ensure timely approvals.Dur…
New Delhi, Feb 14 (IANS) Delhi Chief Minister Rekha Gupta on Saturday thanked Prime Minister Narendra Modi for key decisions taken by the Union Cabinet that promise to boost infrastructure and economic progress in the National Capital. She said, “The decisions taken by the Union Cabinet in the context of Delhi’s infrastructure, economic progress, and cultural upliftment are of utmost importance and far-reaching significance.””Approving the construction of the third and fourth lines on the Delhi-…
New Delhi, Feb 14 (IANS) The Union Cabinet has approved projects worth Rs 1,60,504 crore at its final meeting in the South Block before passing a resolution to shift its functioning to the Seva Teerth complex, Union Railways and Electronics and IT Minister, Ashwini Vaishnaw, said on Saturday.Prime Minister Narendra Modi on Friday unveiled the new complex named ‘Seva Teerth’, which houses the Prime Minister’s Office (PMO), National Security Council Secretariat (NSCS) and the Cabinet Secreta…
New Delhi, Feb 14 (IANS) Marking a paradigm shift in the urban development approach, the government on Saturday approved the launch of the Urban Challenge Fund (UCF) with a central assistance of Rs 1 lakh crore.The central assistance will cover 25 per cent of the project cost, subject to raising minimum 50 per cent of the project cost from market.This will lead to a total investment of Rs 4 lakh crore in urban sector in the next five years, marking a paradigm shift from grant-based financing to …