Image: IANS NEW DELHI: Around Rs 90,000 crore out of the Rs 1 lakh crore Urban Challenge Fund (UCF) will be utilised for partial funding for 60 types projects that cities can take up, including development of infrastructure, revitalisation of old city areas (5-20 sqkm) and development of old markets.Cities can also implement projects for preventing urban flooding, replace legacy infrastructure, recycling waste and multi-storey parking.Launching the fund aimed at implementation of transformational projects, housing and urban development minister Manohar Lal said Centre will start releasing the fund to cities in the next six months. He also launched a Rs 5,000 crore Credit Repayment Guarantee Sub-Scheme (CRGSS), which will provide guarantee coverage for term loan assistance to urban local bodies for their projects taken up under UCF.Another Rs 5,000 crore has been set aside for project preparation and capacity building.As per the guidelines, the fund will be implemented with a total investment of Rs 4 lakh crore from FY 2025-26 to FY 2030-31, extendable by three years. While the Centre and state can fund 25% of the project cost each, the remaining 50% must be financed through bonds, loans, or private participation.The guidelines also mentioned that private participation can also include community-led private investment mobilisation. Ward-level foundations, resident welfare associations (RWAs), and community organisations are allowed to mobilise private investment for local urban utilities.Officials said this funding pattern is aimed at ensuring financial discipline, enhancing accountability and encouraging private sector participation in urban infrastructure projects. Urban affairs secretary Srinivas Katikithala said the UCF introduces a market-linked, reform-driven and outcome-oriented framework for urban infrastructure development.The guidelines also specify that municipal bodies can designate private entities as “Special Purpose Urban Infrastructure Manager (SPUIM)” for integrated delivery of housing, civic infrastructure, and operations and maintenance in large-scale development.End of ArticleFollow Us On Social MediaVideosTamil Nadu elections 2026: Freebies war heats up between DMK, AIADMK & rivals’Not Shehbaz Sharif’: Ex-Minister Fawad Chaudhry Calls Asim Munir ‘De Facto Leader Of Pakistan’TCS Row Explodes: Horrific Details Of Sexual Abuse, Conversion Claims Rock India’s CorporateWomen’s Reservation Bill A ‘Trick’ To Hike Lok Sabha Seats? | Delimitation | Slam Dunk With TehseenIndia Bloc Backs Women’s Reservation But Opposes Delimitation, Flags Risk Of Political Power Shift‘Completely Unacceptable’: Jaishankar Slams Attacks On Merchant Shipping At Azec Plus MeetWomen’s Quota Bill: Govt Clarifies 850-Seat Lok Sabha Plan, Opposition Flags Delimitation ConcernsIndian Delegation To Visit Washington Next Week To Resume Talks On India-US Trade DealDelimitation Row Escalates As TN CM Stalin Warns Of Statewide ProtestsDelimitation Bill Includes Provision For EC To Conduct Exercise In PoK When Conditions Change123PhotostoriesAre you about to get fired? 3 warning signs to watch out for and 5 ways to save your job, shares Ankur WarikooChandigarh’s Billionaire Lanes: 5 premium regions where the city’s rich live6 desi Indian dishes among Top 32 Rice Puddings in the WorldRanveer Allahbadia’s girlfriend Juhi Bhatt is redefining traditional wedding dressing with contemporary elegancePriyanka Chopra recommends this must-try street food from Mumbai, and it’s not Vada PavFrom ‘Fleabag’ to ‘Arrested Development’: Some of the best dark comedy dramas to add to your watchlist5 iconic modern architectural buildings in India shaping contemporary cityscapesCountries named after people you probably didn’t know aboutCommon snakes found in Japan: Species, habitats, and which ones are dangerous5 dog breeds that look like lions (and why everyone’s obsessed with them)123Hot PicksIran warDisney layoffsPurple cap winnerOrange cap winnerIPL Points TablePublic holidays April 2026Bank Holidays AprilTop TrendingGold RateBIE AP inter Result ReleasedMP Board Result Official WebsiteCBSE Class 10 ResultMP Board Class 10th result 2026Zoji La TunnelNFL Trade RumorsIPL Points TableUS VP pick 2020Lonna Drewes

Image: IANS NEW DELHI: Around Rs 90,000 crore out of the Rs 1 lakh crore Urban Challenge Fund (UCF) will be utilised for partial funding for 60 types projects that cities can take up, including development of infrastructure, revitalisation of old city areas (5-20 sqkm) and development of old markets.Cities can also implement projects for preventing urban flooding, replace legacy infrastructure, recycling waste and multi-storey parking.Launching the fund aimed at implementation of transformational projects, housing and urban development minister Manohar Lal said Centre will start releasing the fund to cities in the next six months. He also launched a Rs 5,000 crore Credit Repayment Guarantee Sub-Scheme (CRGSS), which will provide guarantee coverage for term loan assistance to urban local bodies for their projects taken up under UCF.Another Rs 5,000 crore has been set aside for project preparation and capacity building.As per the guidelines, the fund will be implemented with a total investment of Rs 4 lakh crore from FY 2025-26 to FY 2030-31, extendable by three years. While the Centre and state can fund 25% of the project cost each, the remaining 50% must be financed through bonds, loans, or private participation.The guidelines also mentioned that private participation can also include community-led private investment mobilisation. Ward-level foundations, resident welfare associations (RWAs), and community organisations are allowed to mobilise private investment for local urban utilities.Officials said this funding pattern is aimed at ensuring financial discipline, enhancing accountability and encouraging private sector participation in urban infrastructure projects. Urban affairs secretary Srinivas Katikithala said the UCF introduces a market-linked, reform-driven and outcome-oriented framework for urban infrastructure development.The guidelines also specify that municipal bodies can designate private entities as “Special Purpose Urban Infrastructure Manager (SPUIM)” for integrated delivery of housing, civic infrastructure, and operations and maintenance in large-scale development.End of ArticleFollow Us On Social MediaVideosTamil Nadu elections 2026: Freebies war heats up between DMK, AIADMK & rivals’Not Shehbaz Sharif’: Ex-Minister Fawad Chaudhry Calls Asim Munir ‘De Facto Leader Of Pakistan’TCS Row Explodes: Horrific Details Of Sexual Abuse, Conversion Claims Rock India’s CorporateWomen’s Reservation Bill A ‘Trick’ To Hike Lok Sabha Seats? | Delimitation | Slam Dunk With TehseenIndia Bloc Backs Women’s Reservation But Opposes Delimitation, Flags Risk Of Political Power Shift‘Completely Unacceptable’: Jaishankar Slams Attacks On Merchant Shipping At Azec Plus MeetWomen’s Quota Bill: Govt Clarifies 850-Seat Lok Sabha Plan, Opposition Flags Delimitation ConcernsIndian Delegation To Visit Washington Next Week To Resume Talks On India-US Trade DealDelimitation Row Escalates As TN CM Stalin Warns Of Statewide ProtestsDelimitation Bill Includes Provision For EC To Conduct Exercise In PoK When Conditions Change123PhotostoriesAre you about to get fired? 3 warning signs to watch out for and 5 ways to save your job, shares Ankur WarikooChandigarh’s Billionaire Lanes: 5 premium regions where the city’s rich live6 desi Indian dishes among Top 32 Rice Puddings in the WorldRanveer Allahbadia’s girlfriend Juhi Bhatt is redefining traditional wedding dressing with contemporary elegancePriyanka Chopra recommends this must-try street food from Mumbai, and it’s not Vada PavFrom ‘Fleabag’ to ‘Arrested Development’: Some of the best dark comedy dramas to add to your watchlist5 iconic modern architectural buildings in India shaping contemporary cityscapesCountries named after people you probably didn’t know aboutCommon snakes found in Japan: Species, habitats, and which ones are dangerous5 dog breeds that look like lions (and why everyone’s obsessed with them)123Hot PicksIran warDisney layoffsPurple cap winnerOrange cap winnerIPL Points TablePublic holidays April 2026Bank Holidays AprilTop TrendingGold RateBIE AP inter Result ReleasedMP Board Result Official WebsiteCBSE Class 10 ResultMP Board Class 10th result 2026Zoji La TunnelNFL Trade RumorsIPL Points TableUS VP pick 2020Lonna Drewes


Rs 90,000 crore from Urban Challenge Fund to back city projects

NEW DELHI: Around Rs 90,000 crore out of the Rs 1 lakh crore Urban Challenge Fund (UCF) will be utilised for partial funding for 60 types projects that cities can take up, including development of infrastructure, revitalisation of old city areas (5-20 sqkm) and development of old markets.Cities can also implement projects for preventing urban flooding, replace legacy infrastructure, recycling waste and multi-storey parking.Launching the fund aimed at implementation of transformational projects, housing and urban development minister Manohar Lal said Centre will start releasing the fund to cities in the next six months. He also launched a Rs 5,000 crore Credit Repayment Guarantee Sub-Scheme (CRGSS), which will provide guarantee coverage for term loan assistance to urban local bodies for their projects taken up under UCF.Another Rs 5,000 crore has been set aside for project preparation and capacity building.As per the guidelines, the fund will be implemented with a total investment of Rs 4 lakh crore from FY 2025-26 to FY 2030-31, extendable by three years. While the Centre and state can fund 25% of the project cost each, the remaining 50% must be financed through bonds, loans, or private participation.The guidelines also mentioned that private participation can also include community-led private investment mobilisation. Ward-level foundations, resident welfare associations (RWAs), and community organisations are allowed to mobilise private investment for local urban utilities.Officials said this funding pattern is aimed at ensuring financial discipline, enhancing accountability and encouraging private sector participation in urban infrastructure projects. Urban affairs secretary Srinivas Katikithala said the UCF introduces a market-linked, reform-driven and outcome-oriented framework for urban infrastructure development.The guidelines also specify that municipal bodies can designate private entities as “Special Purpose Urban Infrastructure Manager (SPUIM)” for integrated delivery of housing, civic infrastructure, and operations and maintenance in large-scale development.



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