Boost in urban infra: HUA min allocated Rs 96,777 cr in Budget 2025-26

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Boost in urban infra: HUA min allocated Rs 96,777 cr in Budget 2025-26 - Business Standard

Quick Summary:

In a bid to boost urban infrastructure, the Centre Saturday hiked the allocation for the Union Housing and Urban Affairs Ministry by around 18 per cent, setting aside Rs 96,777 crore for it in the Union Budget 2025-26.

In the budget presented in Parliament, the government also announced the setting up of an Urban Challenge Fund of Rs 1 lakh crore for "cities as growth hubs", "creative redevelopment of cities", and "water and sanitation".

Presenting the Union Budget 2025-26, Finance Minister Nirmala Sitharaman said the PM Street Vendor's AtmaNirbhar Nidhi (PM SVANidhi) scheme will be revamped with enhanced loans from banks and UPI-linked credit cards with Rs 30,000 limit.