Union Finances 2025: Finance Minister Nirmala Sitharaman in her eighth finances presentation introduced sure measures for city reforms. She talked about the establishing of an City Problem Fund, in addition to invoked the July Finances 2024 proposal.
She stated that constructing on the July Finances 2024 proposals, city sector reforms associated to governance, municipal companies, city land, and planning will likely be incentivised.
FM Sitharaman stated that the federal government can even arrange the City Problem Fund for Rs 1 lakh crore.
WHAT IS THE URBAN CHALLENGE FUND?
The City Problem Fund, with an outlay of Rs 1 lakh crore, will likely be set as much as implement the proposals for ‘Cities as Development Hubs’, ‘Inventive Redevelopment of Cities’ and ‘Water and Sanitation’ introduced within the July Finances.
The fund will finance as much as 25 per cent of the price of the bankable tasks with a stipulation that no less than 50 per cent of the price is funded from bonds, financial institution loans and private-public partnerships.
FM Sitharaman stated that an allocation of Rs 10,000 crore is proposed for 2025-26.
FM’S BUDGET 2025 ANNOUNCEMENTS
FM Sitharaman stated in her Finances 2025-26 that the federal government has been giving precedence to helping the city poor and susceptible teams.
She introduced the establishing of a scheme for socio-economic upliftment of city employees to assist enhance their incomes, have sustainable livelihoods and a greater high quality of life.
