Govt proposes 6-fold hike in urban reform incentive fund

Govt proposes 6-fold hike in urban reform incentive fund

The Urban Development Ministry has proposed a six-fold increase in reform incentive fund to over 3,000 crore rupees annually over the next three years to push implementation of various schemes in urban sector.
An official release said, for providing the incentives, the cities will be ranked based on performance under five reforms such as getting credit ratings, initiatives for value capturing finances and bringing in professionalism in municipalities.

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