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Economy News

The Economic Times

Economy / The Economic Times

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Where there's a will, there are funds to deal with urban challenges

Projects worth 15,000 crore across six states are being awarded to kick-start the Centre's 1 lakh crore Urban Challenge Fund. These initiatives include water supply for villages, lake cleaning, and traffic congestion solutions. The funding model involves a 25% contribution from the Centre and states, with the remaining 50% sourced from municipal bonds, bank loans, and PPPs.

20 May 2026 11:51 pm