Ahmedabad, July 17 (IANS) Ahmedabad has secured approval for six urban infrastructure projects worth Rs 2,719.80 crore under the Central government’s ‘Urban Challenge Fund’, with the investment set to modernise the city’s ageing sewerage network, introduce intelligent water management systems and integrate public transport services through a common digital platform. The Ministry of Housing and Urban Affairs has approved the projects under the Urban Challenge Fund, a scheme launched by Prime Mini…
Latest Urban Challenge Fund News & Updates
Amaravati, July 16 (IANS) Andhra Pradesh is currently implementing 260 projects worth over Rs 1.23 lakh crore in Public-Private Partnership (PPP) mode, officials said. At a review meeting on the status of PPP projects and related government investments on Thursday, officials informed Chief Minister N. Chandrababu Naidu that projects worth Rs 1,23,229 crore are at various stages of implementation across sectors such as industry, infrastructure, urban development, tourism, medical colleges, roads,…
Mumbai, July 14 (IANS) The Maharashtra Cabinet on Tuesday approved the implementation of the centrally sponsored Urban Challenge Fund (UCF) scheme (running from 2025-26 to 2030-31). It aims to transition ULBs towards market-based financing, bond issuance, and bank loans to create sustainable revenue infrastructure under three core pillars: Water & Sanitation, Creative Urban Redevelopment, and Cities as Growth Hubs.Chief Minister Devendra Fadnavis hopes that the creation of an UCF will positi…
Mumbai, July 13 (IANS) Chief Minister Devendra Fadnavis on Monday strongly recommended the creation of an ‘Urban Challenge Fund’ to position cities as engines of growth and systematically eliminate roadblocks hindering their progress. Expressing strong confidence in the initiative, the Chief Minister stated that this innovative campaign will lead to significant improvements in civic infrastructure and service delivery across urban areas. The implementation framework for the Urban Challenge Fund …
Bhopal, May 30 (IANS) With a view to improving, enhancing, and sprucing up religious infrastructure and boosting spiritual tourism, the Ujjain administration has announced ₹200 crore ‘Temple Bonds’ as part of its ₹1,100 crore project for the renovation and modernisation of 11 prominent temples in Ujjain and Agar Malwa districts. For the first time in the state, the administration will raise ₹200 crore through Temple Bonds, a unique financial instrument that allows citizens and institut…
New Delhi, May 15 (IANS) India requires nearly Rs 80 trillion in urban infrastructure investment by 2037 to support rapid urbanisation and economic growth, a report said on Friday.The report from credit ratings agency Brickwork Ratings (BWR) said that urban areas are expected to contribute nearly 70 per cent of India’s GDP by 2036, making sustainable urban financing a national priority.The report said that the central government’s Rs 1 trillion scheme, the Urban Challenge Fund (UCF), represe…
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…
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…