Government allots 333% more funds for urban infrastructure

Government allots 333% more funds for urban infrastructure
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Union Minister for Urban Development M Venkaiah Naidu said that the government has committed assistance of Rs 1.13 lakh crore for improving urban infrastructure, which is an increase of 333% from Rs 33,902 crore that UPA had approved during its tenure of 10 years under JNNURM.

The minister claimed that the government, during 2004-14, had approved the construction of 13.7 lakh houses for the urban poor whereas the present government has approved the construction of 9 lakh houses during the last one year. Naidu also said the central government has “mainstreamed” the urban agenda by ending the longstanding neglect to improve living conditions in cities and towns.

Under the new urban missions, an investment potential of about Rs 18 lakh crore has been created of which, an investment of Rs 1.8 lakh crore has already been approved over the last one year.

Naidu stated that so far, the total central assistance of Rs 53,747 crore to states and urban local bodies has already been approved for release.

Source : Urbannewsdigest



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