📋 Tender Overview
The XV Finance Commission in its report submitted to the Government of India has recommended a performance-based challenge fund of 8000 crore to States for incubation of new cities. The amount available for each proposed new city is 1000 crore and a State can have only one new city under the proposed scheme. Thus a maximum of eight States can avail this grant for eight new cities over the award period of the Commission. The detailed modalities for the scheme have not been worked out.Moreover Area Based development is a key strategic component of the Smart Cities Mission launched on June 25 2015. Area Based development models include city improvement retrofitting city renewal redevelopment andor city extension Greenfield development. 100 cities have been selected for development as Smart Cities over 4 rounds of competition conducted between January 2016 to June 2018. This information was given by the Minister of State in the Ministry of Housing and Urban Affairs Shri Kaushal Kishore in a written reply in the Rajya Sabha today.
