CURRENT AFFAIRS

2018

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Under the scheme “Smart Cities Mission”, each city will get how much money from the Centre for implementing various projects?
A
Rs 300 crore
B
Rs 500 crore
C
Rs 400 crore
D
Rs 250 crore
Explanation: 

Detailed explanation-1: -According to SCM guidelines, the Union government is expected to provide financial support to the tune of Rs 48, 000 crore to the 100 smart cities over a period of five years (2017-22)-almost Rs 100 crore per city per year on average.

Detailed explanation-2: -Detailed Solution. The Smart City Mission will be operated as a Centrally Sponsored Scheme (CSS) and the Central Government proposes to give financial support to the Mission to the extent of Rs. 48, 000 crores over five years i.e. on average Rs. 100 crore per city per year.

Detailed explanation-3: -As per SCM Guidelines, the Central government has to provide financial support to the extent of Rs 48, 000 crore over five years to the 100 Smart Cities which is on an average Rs 100 crore per city per year.

Detailed explanation-4: -48, 000 crore over five years, i.e., on an average of Rs. 100 crore per city per year. An equal amount on a matching basis is to be contributed by the State/ULB.

There is 1 question to complete.