The NDA government is all set to launch three mega urban projects worth Rs 4 lakh crores, which would be unveiled with much fanfare by Prime Minister Narendra Modi here.
Modi will launch 'Smart City', 'Atal Mission' and 'Housing for All by 2022' at Vigyan Bhawan - all three flagship programmes of the NDA government on June 25, according to sources in Urban Development Ministry.
'Housing for All by 2022' which was cleared by the Cabinet yesterday aims to provide 2 crore affordable housing for urban poor.
The central grant for the 'Housing for All' project would be about Rs 3 lakh cr over the next seven years, sources said.
Modi will announce the implementation guidelines for the two big-ticket urban renewal projects - Smart City and Atal Mission for Rejuvenation and Urban Transformation (AMRUT) besides unveiling the Housing for All by 2022.
The Union Cabinet had some time ago cleared the projects - 100 Smart Cities and a new urban renewal mission for 500 cities named after former PM Atal Bihari Vajpayee, replacing the one christened after Jawaharlal Nehru, with a total outlay of Rs 98,000 crore for the next five years.
While Rs 48,000 cr has been earmarked for the 'Smart City' project, Rs 50,000 crore will be spent on AMRUT.
The grand launch will be held at Vigyan Bhawan in the presence of senior officials from state governments and Union Territories dealing with urban affairs including municipal commissioners and mayors.
Ministry will also do a series of advertisements in print media highlighting various components of the projects.
