The Union Cabinet has approved the government’s flagship 100 smart cities project and the new urban renewal mission with a total outlay of about Rs 1 lakh crore.
“A minimum investment of over Rs 2 lakh crore would flow into urban areas over the next five years. Nearly half the amount would come from state and local bodies,,” Naidu said .
The Minister for Urban Development and Housing further said the initiative would help make the urban life comfortable.
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