Cabinet approves Rs 1 lakh crore Urban Challenge Fund to drive market-led urban transformation

February 14, 2026 3:18 PM

Cabinet approves Rs 1 lakh crore Urban Challenge Fund to drive market-led urban transformation

The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the launch of a ₹1 lakh crore Urban Challenge Fund (UCF) aimed at catalysing market-led and reform-driven urban infrastructure development across the country. The Fund, which will be operational from FY 2025–26 to FY 2030–31 with a possible extension till FY 2033-34, marks a significant shift in India’s urban development strategy - from grant-based financing to a market-linked, outcome-oriented model. Under the sc...

10 years of AMRUT: A decade of urban transformation in India

June 24, 2025 5:22 PM

10 years of AMRUT: A decade of urban transformation in India

India marks a significant milestone as the Atal Mission for Rejuvenation and Urban Transformation (AMRUT) completes 10 years since its launch on June 25, 2015. Introduced as a transformative initiative to improve the quality of life in urban areas, AMRUT has focused on delivering basic infrastructure and services—especially water supply, sewerage, urban mobility, and green spaces—to citizens across 500 cities and towns. Over the past decade, AMRUT has redefined India’s urban development l...