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The three flag­ship schemes will cost the gov­ern­ment a to­tal of about ₹ 4 lakh crore

The bud­get for the three schemes were ap­proved by the Cab­i­net in April

The schemes have been launched keep­ing in mind the fact that ur­ban pop­u­la­tion in In­dia is set to rise by more than 400 mil­lion peo­ple to touch 814 mil­lion by 2050 Smart cities will be se­lected through a City Chal­lenge Com­pe­ti­tion aimed at link­ing fi­nanc­ing with the abil­ity of the cities to per­form to achieve the mis­sion’s ob­jec­tives Cities will have to qual­ify through city-chal­lenge cri­te­ria like san­i­ta­tion, clean wa­ter, power, green­ery quo­tient and ra­tio be­tween rev­enue and ex­pen­di­ture on mu­nic­i­pal salaries. Each se­lected city would get cen­tral as­sis­tance of ₹ 100 crore per year for five years The Pradhan Mantri Awas Yo­jana (PMAY) will see the gov­ern­ment spend about ₹ 3 lakh crore in the next seven years as it aims to con­struct two crore af­ford­able houses in ur­ban ar­eas for slum dwellers and peo­ple from eco­nom­i­cal­ly­weaker sec­tions and LIG

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