Smart Cities Mission
Smart Cities Mission was launched by the Hon’ Prime Minister on 25 June 2015. The main objective of the mission is to promote cities that provide core infrastructure, a clean and sustainable environment, and give a decent quality of life to their citizens through the application of ‘smart solutions’. The Mission aims to drive economic growth and improve quality of life through comprehensive work on social, economic, physical, and institutional pillars of the city. The focus is on sustainable and inclusive development by the creation of replicable models which act as lighthouses to other aspiring cities. 100 cities have been selected to be developed as Smart Cities through a two-stage competition.
The Mission is operated as a Centrally Sponsored Scheme. Central Government will give financial support to the extent of Rs. 48,000 crores over 5 years i.e. on an average Rs.100 crore per city per year. An equal amount on a matching basis is to be provided by the State/ULB. Additional resources are to be raised through convergence, from ULBs’ own funds, grants under Finance Commission, innovative finance mechanisms such as Municipal Bonds, other government programs, and borrowings. Emphasis has been given on the participation of the private sector through Public-Private Partnerships (PPP). Citizens’ aspirations were captured in the Smart City Proposals (SCPs) prepared by the selected cities. Aggregated at the national level, these proposals contained more than 5,000 projects worth over Rs. 2,00,000 crores, of which 45 percent is to be funded through Mission grants, 21 percent through convergence, 21 percent through PPP, and the rest from other sources.
The purpose of the Smart Cities Mission is to drive economic growth and improve the quality of life of people by enabling local area development and harnessing technology, especially technology that leads to Smart outcomes.