Govt. injects Rs.4.13 lakh-cr in urban infra

    urban infra
    In its quest to build classic infrastructure matching global standards, the Central government in a newest move has approved over Rs.4.13 lakh crore for improving basic facilities across urban clusters in the last three years as a result of which countless projects are currently in full swing across the country, Union Minister M Venkaiah Naidu said that the approved investment is higher by about 250% for which, over Rs.1.18 lakh crore cleared under Jawaharlal Nehru National Urban Renewal Mission (JNNURM) by the past government between 2004 and 2014. The per capita investment of Rs.15,475 has so far been approved between 2014 and 2017 under new urban missions for a five year period as compared to Rs.4,918 approved for the earlier 10 years. Over threefold increase in investments, per capita spending and central assistance, among others, are driving the much-needed urban transformation in the country. The framework has been introduced to ensure objective selection of cities and allocation of central funds without any discretion and discrimination.
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