Smart Cities in India

Smart Cities Mission
Prime Minister Narendra Modi at the launch of Smart Cities Mission, Pune; June 2016
Country	India
Prime Minister(s)	Narendra Modi
Ministry	Ministry of Urban Development
Key people	Venkaiah Naidu
Launched	2015
Funding	₹98,000 crore (US$15 billion)
Status: Active

Smart Cities Mission is an urban renewal and retrofitting program by the Government of India with a mission to develop 100 cities all over the country making them citizen friendly and sustainable. The Union Ministry of Urban Development is responsible for implementing the mission in collaboration with the state governments of the respective cities.

Smart city mission envisions of developing an area within 100 cities in the country as model area based on an area development plan, which is expected have rub-off effect on other parts of the city and near by cities and towns. City will be selected based on the Smart cities challenge, in which cities will compete in a countrywide competition to get the benefits from this mission. As of Jun 2017, 90 cities have been selected for upgrade as part of smart city mission after they defeated other cities in the challenge.

It is five-year program, where all of the Indian states and Union territories are participating except West Bengal by nominating at-least one city for the smart city challenge. Financial aid will be given by the central and state government between 2017 - 2022 to the cities and mission starts showing results from 2022 on wards.

Each city will create a corporate company headed by a full time CEO to implement the smart city mission. The execution of projects may be done through joint ventures, subsidiaries, public-private partnership (PPP), turnkey contracts, etc suitably dovetailed with revenue streams. Center and state government will provide INR 1,000 Crore funding to the company, as equal contribution of INR 500 crore each. The company has to raise additional fund from the financial market as a debt or equity.

"100 Smart Cities Mission" was launched by Prime Minister Narendra Modi in June 25, 2015. A total of ₹98,000 crore (US$15 billion) has been approved by the Indian Cabinet for development of 100 smart cities and rejuvenation of 500 others. ₹48,000 crore (US$7.5 billion) for the Smart Cities mission and a total funding of ₹50,000 crore (US$7.8 billion) for the Atal Mission for Rejuvenation and Urban Transformation (AMRUT) has been approved by the Cabinet.