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GK and monthly revision
Cabinet clears Rs 1 lakh crore for India's big urban reset; aims to unlock Rs 4 lakh crore investment
The Union Cabinet has approved a Rs 1 lakh crore Urban Challenge Fund to boost urban infrastructure development over the next five years. This initiative aims to encourage market-led projects and reforms, providing central assistance for projects that attract significant private investment. This move is expected to transform cities into growth hubs and improve their creditworthiness, unlocking an estimated Rs 4 lakh crore in investment.
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