The ministry has accepted the offer of Bloomberg Philanthropies (BP) for cooperating in conducting the 'Cities Challenge' competition.
BP will also help in designing and delivery of a capacity development programme for applicant urban local bodies for participation in the competition-based selection of cities, with focus on innovation and citizen participation in formulating smart city proposals.
The competition is crucial as cities will be selected for the 'Smart City' project through this, a senior official of the urban development ministry said.
The Mission for building 100 'Smart Cities' was approved by the Union Cabinet on April 29.
Selection criteria include reforms in urban local bodies, as it will play a key role in the resource realisation for the project.
Under the Mission, the central government will spend Rs 48,000 cr over the next five years for providing an assistance of Rs 100 cr per year for each of the selected city.
In the first phase of the selection of smart city aspirants, each state will nominate a set of cities based on urban population and number of statutory cities for inclusion under the Mission.
This nomination will be based on a set of identified criteria to be suggested by the Ministry of Urban Development.
All such 100 nominated cities will be rigorously scrutinised against identified criteria for extending financial support by the Centre. Cities which are found to be deficient in some aspects would be given to address the same and participate in the next round of competition.
Accordingly, the Centre and states or urban local bodies will spend about Rs one lakh cr on development of 'Smart Cities' over the next five years.
Bloomberg Philanthropies, founded by former Mayor of New York, Michael Bloomberg has been involved in smart cities development programme in different parts of the world, enabling selection of right and capable cities for their transformation as smart cities. BP will soon begin work in this regard.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
