Cabinet Approves Rs 1 Lakh Crore Urban Challenge Fund To Drive Market-Led Urban Transformation
Published on: Feb. 14, 2026, 1:49 p.m. | Source: Daily Excelsior
New Delhi, Feb 14: The Union Cabinet has approved the launch of the Urban Challenge Fund (UCF) with a total central assistance of Rs 1 lakh crore, Union Minister Ashwini Vaishnaw said on Saturday. Under the scheme, central assistance will cover 25 per cent of a project’s cost, provided that at least 50 per cent of the funding is mobilised from the market. In a statement, the government said the initiative will lead to a total investment of Rs 4 […]
