Centre announces cities to compete to get the loan of Rs 809 crore lent by France for 15 Smart Cities projects

Agence Francaise development  AFD the French development bank signed a 100 million loan agreement for Smart Cities Mission, the Centre has announced a new challenge process to select 15 projects for the funding. The loan, which amounts to ₹809 crore, will be given for projects in one of the four sectors of sustainable mobility, public open spaces, urban governance and ICT and organizational innovation in low-income settlements. The challenge process would be conducted by the National Institute for Urban Affairs. The duration of the programme will be three years, till 2020-21.AFD will extend grants ranging from ₹20 crore to ₹80 crore for each of the selected projects.

  • Centre announces cities to compete to get the loan of Rs. 809 crore lent by France for 15 Smart Cities projects.
  • Centre has announced a new challenge process to select 15 projects for the funding.
  • The challenge process would be conducted by the National Institute for Urban Affairs.
  • AFD will extend grants ranging from ₹20 crore to ₹80 crore for each of the selected projects.download our android app