Q. Consider the following statements regarding “Smart city mission”:
1.It is operated as central sponsored scheme.
2.100crore per city per year funding provided under the mission.
Which of the statements given above is/are correct?

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: B
Notes:

Explanation: The Smart City Mission will be operated as a Centrally Sponsored Scheme (CSS) and the central government proposes to give it financial support to the extent of Rs. 48,000 crores over five years, i.e., on an average Rs. 100 crore per city per year.

  • An equal amount, on a matching basis, will have to be contributed by the state/ULB; therefore, nearly one lakh crore of government/ULB funds will be available for smart cities development.
  • In the first phase of implementation, twenty cities have been shortlisted to roll out the programme.

Source: TMH Ramesh Singh