Page 48 - NIS English Aug 1-15, 2024

Budget

2024-2025

Urban

development

Cities will become

development centers Infrastructure will be built in cities,
life will be easier
The central government wants to
develop 'cities as development centers' There will Housing needs will
in collaboration with the states. It be transit- be addressed with an
will provide facilities for this. Union oriented investment of Rs 10 lakh
Finance and Corporate Affairs Minister development crore including central
Nirmala Sitharaman has presented schemes in 14 assistance of Rupees
a budget with the government's of more than 2.2
big cities with
commitment to take the country a population
towards seamless development and lakh crore.
comprehensive prosperity. Attention Arrangements will also
has been given to various initiatives 30 be made for loan facilities
aimed at housing, rental housing
facilities, city planning, water supply, lakh. at affordable rates and
sanitation, and assistance to street provision of interest subsidy.
town planning schemes. 1
vendors. The budget emphasizes
that the areas around the cities will crore urban poor and middle-class
be developed in a systematic manner families will be covered under PM
Awas Urban 2.0 in the next 5 years.
using economic, traffic planning, and Rs 30,171 crore has been given in this
year's budget. Rs 22,103 crore was
given in the budget of 2023-24.

n Water supply, sewage treatment, solid waste management n For creative brownfield redevelopment of
projects, and financially viable projects will be promoted
existing cities with a transformational impact,
for 100 big cities in partnership with state governments and
the Government will develop a framework
multilateral development banks. These projects will also
for enabling policies, market-based
envisage the use of treated water for irrigation and filling
mechanisms, and regulation.
ponds in the surrounding areas.
n Rental houses will be constructed for industrial workers in In
public-private partnership mode. 100 cities 'Plug and Play'
n Policies and regulations will be put in place to ensure industrial parks ready
for investment will be
efficient and transparent rental housing markets.
developed.

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