AdvertisementCentral assistance is capped at 25 per cent of project cost, and cities must mobilise at least 50 per cent from market sources. The rest may come from states, urban local bodies or other channels. Access to central assistance is contingent on reforms. States, urban local bodies, financial institutions, credit rating agencies and private developers are expected to engage through a competitive challenge-based process that rewards readiness and innovation. By embedding market discipline, reform incentives and measurable outcomes into its design, it seeks to drive the next phase of India’s urban transformation.

Source: Indian Express February 27, 2026 01:15 UTC