urban infra
Central government has come up with Rs.9,500 crore schemes to help urban bodies which have failed to implement reforms under Atal Mission for Rejuvenation and Urban Transportation (AMRIT) due to various reasons. However, only 13 states and union territories who fulfill parameters would receive the benefit. Amrit scheme has aimed at improving 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 the 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 new investment initiative. The money would be provided by the World Bank for which five states would be selected for the first phase of Rs.3,273 crore. In the second phase of Rs.6,500 crore, eight states would be included in the program.