- A meeting chaired by Prime Minister Narendra Modi approved Smart Cities Mission for development of 100 smart cities and Atal Mission for Rejuvenation and Urban Transformation (AMRUT) of 500 cities with outlays of Rs 48,000 crore and Rs 50,000 crore respectively.
- The Cabinet also approved central funding under AMRUT to the projects sanctioned under JNNURM and not completed. JNNURM projects sanctioned during 2005-2012 and which have achieved physical progress of 50 per cent availing 50 per cent of central assistance released and those sanctioned during 2012-2014 will be supported till March 2017.
- Smart City aspirants will be selected through a ‘City Challenge Competition’ intended to link financing with the ability of the cities to perform to achieve the mission objectives.
- Each state will shortlist a certain number of smart city aspirants as per the norms to be indicated and they will prepare smart city proposals for further evaluation for extending central support.
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