Centre hand-picks 20 smart cities for first phase of plan

Ministry to soon introduce credit rating to attract investors.

  1. The list of 20 cities that have qualified to build smart infrastructure with Rs. 200 crore each from the Central government’s first phase of funding.
  2. The Ministry has given top rating to Bhubaneswar for its robust Smart City plan.
  3. Mission promotes integrated city planning, where Swachh Bharat Mission and Atal Mission for Rejuvenation and Urban Transformation complement each other.
  4. The Central government has created an outside agency named Special Purpose Vehicle (SPV).
  5. This will be headed by a CEO, and will be given powers to “execute” the proposed developments and projects.
Urban Transformation – Smart Cities, AMRUT, etc.
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