Rs 9, 500 cr for urban bodies to help implement AMRIT

Central government has come up with Rs 9,500 crore scheme to help urban bodies which have failed to implement reforms under Atal Mission for Rejuvenation and Urban Transportation (AMRIT) due to various infrastructural problems. However, only 13 states and union territories who fulfill parameters would receive the benefit.

Amrit scheme for improvement of infrastructure in the cities consisting 500 towns with population of one lakh and more. It is mandatory to implement reforms prescribed by the central government in order to receive fund under this scheme.

These reforms are aimed at making urban bodies financially sound but due to infrastructural problems and lack of financial resources, they have been unable to implement these reforms, which is why the central government has come up with this RS 10,000 crore scheme. The money would be provided by the World Bank.

For the next financial year, five states would be selected for the first phase of Rs 3273 crore. Let us show you how total 36 states and union territories would be selected. The union government make a formal announce soon.

In the second phase of Rs 6500 crore, eight states would be included. The central government has prepared a time-bound programme to implement …read more