Union Cabinet approves CITIIS 2.0, under the Smart Cities mission
The funding for CITIIS 2.0 would include a loan of Rs 1,760 crore or 200 million Euros with AFD and KfW contributing 100 million euros each
The programme envisages to support competitively selected projects promoting a circular economy with focus on integrated waste management at the city level, climate-oriented reform actions at the state level, and institutional strengthening and knowledge dissemination at the national level, Thakur told reporters here.
The funding for CITIIS 2.0 would include a loan of Rs 1,760 crore or 200 million Euros with AFD and KfW contributing 100 million Euros each and a technical assistance grant of Rs 106 crore (EUR 12 million) from the EU, Thakur said.
The CITIIS 2.0 aims to leverage and scale up the learnings and successes of CITIIS 1.0 which was launched jointly in 2018 by the Ministry of Housing and Urban Affairs, AFD, EU, and NIUA, with a total outlay of Rs 933 crore.
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