Govt sets up fund to encourage states to think innovatively for development & redevelopment in existing cities – The Times of India
NEW DELHI: To encourage states to think innovatively for sustainable urbanisation and redevelopment in existing cities, the govt on Saturday announced setting up of the Urban Challenge Fund (UCF) of Rs 1 lakh crore. The grant for states will be utilised for 25% cost of projects that cities take up. The remaining 75% would be…