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Urban Development Budget UPSC NOTE

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  The Story So Far In 2015, the NDA government identified urban development as a key growth strategy , recognizing that cities contribute ne...

 The Story So Far

  • In 2015, the NDA government identified urban development as a key growth strategy, recognizing that cities contribute nearly 67% to GDP.

  • However, cities are noticeably absent in the vision for a “Viksit Bharat”.

What Was Allocation for Urban India?

  • Total allocation for urban development: ₹96,777 crore (higher than last year's ₹82,576.57 crore).

  • Actual expenditure is expected to be ₹63,669.93 crore, showing a 22.9% underutilization.

  • The Pradhan Mantri Awas Yojana (Urban)-PMAY saw a drastic reduction from ₹30,170.61 crore to ₹13,670 crore in the Revised Estimate, highlighting a gap between policy goals and implementation.

  • Despite the increase in total outlay, the focus remains on capital-intensive projects instead of addressing urban infrastructure gaps.

How Has Reduction Happened?

  • Direct transfers to Urban Local Bodies (ULBs) have decreased.

    • Post-GST, ULB revenues fell by over 21%, and central devolution didn’t compensate for the loss.

  • Transfers to ULBs reduced from ₹26,653 crore to ₹26,158 crore.

  • Centrally Sponsored Schemes (CSS): Allocations for major urban schemes, like PMAY, Swachh Bharat Mission, and AMRUT, have been cut.

    • PMAY's allocation saw a 30% reduction, and SBM spent only 44% of its budgeted amount.

  • Central Sector Schemes:

    • Focused on capital-intensive metro rail projects, with significant increases in funding (₹24,691.47 crore in FY 2024-25, up from ₹21,335.98 crore).

    • The prioritization of metro projects raises concerns about the inclusivity of urban mobility.

What Next?

  • A new Urban Challenge Fund of ₹10,000 crore has been introduced, with an ambitious ₹1 lakh crore target for urban redevelopment, but half the funds are expected from private investments.

  • The budget highlights the focus on capital-intensive projects, with less emphasis on employment generation, sustainable development, and economic equity, potentially increasing urban disparities.

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Learnerz IAS | Concept oriented UPSC Classes in Malayalam: Urban Development Budget UPSC NOTE
Urban Development Budget UPSC NOTE
https://lh7-rt.googleusercontent.com/slidesz/AGV_vUeC3tESsv0_0HH-OS-2Q3yy4ECLwwz59S4OHBD11nJP1Dbt7ycXOUow8-tQHqeI64zAtoOC1CmuJH8OY0hyISmQW_Gf30O7MvfBQrX9Kvb7AnJk_GZIyHUFi6zrfjg21Br2yyQtcjkFvWzEmeAC1w=s2048?key=nvvGYT2LiWMe9FlOHn6_xGCh
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Learnerz IAS | Concept oriented UPSC Classes in Malayalam
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