Launched the Operational Guidelines of the Urban Challenge Fund (UCF), along with the Credit Repayment Guarantee Sub-Scheme Guidelines and the e-directory of UCF Partners.
The UCF marks a decisive shift from traditional grant-based support to market-linked, reform-driven financing. This approach will:
• Encourage greater private sector participation
• Strengthen governance and accountability in urban development
• Enable the creation of resilient, inclusive, and future-ready cities
The #urbanchallengefund is poised to become a key driver of India’s next phase of economic growth by unlocking investment, fostering innovation, and empowering cities to lead the development agenda.
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