Centre's Rs 1 lakh crore urban infra fund challenges states to think like startups

Quick Summary:

The Budget introduces an Urban Challenge Fund (UCF) of Rs 1 lakh crore to drive innovative and sustainable urbanisation in cities.

Expected to generate about Rs 4 lakh crore for infrastructure development, the UCF will finance projects with a mix of grants, bonds, and loans, focusing on redevelopment and urban improvements.

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Article Details

Author / Journalist: Team TOI

Category: EconomyBusiness

Markets: IndiaMaldives

Topics: Redevelopment projects Infrastructure development Business news Urban Challenge Fund Sustainable urbanisation Rs 1 lakh crore

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-02 @ 07:12:49 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 567 words

Reading Time: 4 minutes read

Sentences: 21 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 25703671

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