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Urban Challenge Fund to focus on tier-II & tier-III cities, says Khattar
The New Indian Express Vijayawada
|April 16, 2026
THE Centre on Wednesday launched the operational guidelines for the Urban Challenge Fund (UCF), which is aimed at transforming urban infrastructure through market-linked competitive financing.
The government had made allocation for it in the Union budget. The Centre will provide financial support to transformative and bankable urban projects through competitive “challengemode” through this fund.The UCF focuses on Tier II and Tier III cities. Union Housing and Urban Affairs Minister Manohar Lal said that the fund intends to position cities as “bankable assets through targeted reforms, strengthened institutional capacity, improved governance and planning frameworks, and the development of sustainable revenue-generating urban infrastructure”.
This story is from the April 16, 2026 edition of The New Indian Express Vijayawada.
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