"We will offer Rs 50 lakh to each of the municipalities as initial fund to begin work for the green city mission of the state," he said on the sidelines of CII organised 'Green Buildings' conference.
The state government had created a corpus of Rs 400 crore for the project conceptualised after it did not find the Centre's smart city scheme feasible.
"We have constraints on resources. In smart city project the state will have to fund Rs 1,000 crore upfront and then the Centre will release Rs 500 crore in five years," Hakim said.
The minister also said the benefit of extra 10 percent Floor Area Ratio would be extended to all municipalities. He also emphasised that there was need for reframing of planning principals to bear the mounting pressure of urbanisation.
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