Central Smart Cities (10 Cities)
The Smart City Mission is operated as a Centrally Sponsored Scheme (CSS) and the Central Government is giving a financial support of Rs. 500 Cr over five years to each Smart City. An equal amount (i.e. Rs 500 Cr), on a matching basis, is contributed by the State to each city. The GOI funds and the matching contribution by the States/ULB meet only a part of the project cost. Balance funds are mobilized either through convergence mode, where another government department shares the cost or PPP (Public Private Partnership) where the private sector shares a considerable portion of the upfront project cost.
State Smart Cities (7 Cities)
The state government is providing a funding of Rs 250 Cr to each State Smart City.