This is a project about Smart Cities - Economics, which includes almost all the information about Smart Cities. I hope you find this helpful.

1. ECONOMICS
PROJECT

2. Topic – Smart Cities
Mission

3. Acknowledgement
I ,would like to express my special thanks to
my teacher and our School who gave me a
golden opportunity to do this Economics
Project which helped me to gather lots of
information and enhance my knowledge.
Secondly I would like to thank my parents
who guided me and helped me in doing this
project within the given time frame.

4. Slide . No Topic Sign
6 Introduction
8 What is Smart City?
10 , 11 Features of Smart City
12 History
14 Financing of Smart Cities
16 Implementation
18 Conclusion
20 Bibliography
Index

5. Introduction
• Cities accommodate nearly 31% of India's current population and contribute 63%
of GDP . Urban areas are expected to house 40% of India's population and
contribute 75% of India's GDP by 2030. This requires comprehensive development
of physical, institutional, social and economic infrastructure. All are important in
improving the quality of life and attracting people and investment, setting in
motion a virtuous cycle of growth and development. Development of Smart Cities
is a step in that direction.
• The ministries of the Government of India have come up with various government
programs called schemes (Yojana) from time to time. One of such schemes is Smart
City Mission. The Smart Cities Mission is an innovative and new initiative by
the Government of India to drive economic growth and improve the quality of life
of people by enabling local development and harnessing technology as a means to
create smart outcomes for citizens.

7. What is Smart City ?
• Smart Cities focus on their most pressing needs and on the greatest
opportunities to improve lives. They tap a range of approaches - digital and
information technologies, urban planning best practices, public-private
partnerships, and policy change - to make a difference. They always put people
first.
• In the approach to the Smart Cities Mission, the objective is to promote cities
that provide core infrastructure and give a decent quality of life to its citizens, a
clean and sustainable environment and application of 'Smart' Solutions. The
focus is on sustainable and inclusive development and the idea is to look at
compact areas, create a replicable model which will act like a light house to other
aspiring cities. The Smart Cities Mission is meant to set examples that can be
replicated both within and outside the Smart City, catalysing the creation of
similar Smart Cities in various regions and parts of the country.

9. Features of Smart city
Some typical features of comprehensive
development in Smart Cities are described below.
•Housing and inclusiveness — expand housing
opportunities for all. Creating walkable localities
— reduce congestion, air pollution and resource
depletion, boost local economy, promote
interactions and ensure security. The road
network is created or refurbished not only for
vehicles and public transport, but also for
pedestrians and cyclists, and necessary
administrative services are offered within
walking or cycling distance.
• Preserving and developing open spaces —
parks, playgrounds, and recreational spaces in
order to enhance the quality of life of citizens,
reduce the urban heat effects in Areas and
generally promote eco-balance;

10. • Promoting a variety of transport options —
Transit Oriented Development (TOD), public
transport and last mile para-transport
connectivity;
• Making governance citizen-friendly and cost
effective — increasingly rely on online services
to bring about accountability and transparency,
especially using mobiles to reduce cost of
services and providing services without having
to go to municipal offices; form e-groups to listen
to people and obtain feedback and use online
monitoring of programs and activities with the
aid of cyber tour of worksites;
• Giving an identity to the city — based on its
main economic activity, such as local cuisine,
health, education, arts and craft, culture, sports
goods, furniture, hosiery, textile, dairy, etc;

11. History
• “100 Smart Cities Mission" was launched by Prime Minister Narendra
Modi on 25 June 2015. A total of 98,000 crore (US$14 billion) was
approved by the Indian Cabinet for the development of 100 smart cities
and the rejuvenation of 500 others. 48,000 crore (US$6.7 billion) for the
Smart Cities mission and a total funding of 50,000 crore (US$7.0 billion)
for the Atal Mission for Rejuvenation and Urban Transformation (AMRUT)
have been approved by the Cabinet.
• In the 2014 Union budget of India, Finance Minister Arun
Jaitley allocated 7,016 crore (US$980 million) for the 150 smart cities.
However, only 924 crore (US$130 million) of the allocated amount could
be spent until February 2015. Hence, the 2015 Union budget of
India allocated only 143 crore (US$20 million) for the project.

13. Financing of Smart Cities
• 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 an average Rs. 100 crore per
city per year. An equal amount, on a matching basis, will have to be contributed
by the State/ULB; therefore, nearly Rupees one lakh crore of Government/ULB
funds will be available for Smart Cities development.
• A number of State Governments have successfully set up financial
intermediaries (such as Tamil Nadu, Gujarat, Orissa, Punjab, Maharashtra, 14
Karnataka, Madhya Pradesh and Bihar) which can be tapped for support and
other States may consider some similar set up in their respective States. Some
form of guarantee by the State or such a financial intermediary could also be
considered as instrument of comfort referred to above. It is expected that a
number of schemes in the Smart City will be taken up on PPP basis and the SPVs
have to accomplish this

15. Implementation
• The total number of 100 Smart Cities have been distributed among the States and UTs on the basis
of an equitable criteria. The formula gives equal weightage (50:50) to urban population of the
State/UT and the number of statutory towns in the State/UT. Based on this formula, each State/UT
will, therefore, have a certain number of potential Smart Cities, with each State/UT having at least
one. The number of potential Smart Cities from each State/UT will be capped at the indicated
number. This distribution formula has also been used for allocation of funds under Atal Mission for
Rejuvenation and Urban Transformation – AMRUT.
• The implementation of the mission at city level will be done by a special purpose vehicle (SPV)
created for this programme. The SPV will plan, appraise, approve, release funds and implement,
manage, operate, monitor and evaluate the smart city development projects.
• The distribution of Smart Cities will be reviewed after two years of the implementation of the
Mission. Based on an assessment of the performance of States/ULBs in the Challenge, some re-
allocation of the remaining potential Smart Cities among States may be required to be done by
the Ministry of Urban Development.
• The Mission will cover 100 cities and its duration will be five years (FY2015-16 to FY2019-20). The
Mission may be continued thereafter in the light of an evaluation to be done by the Ministry of
Urban Development (MoUD) and incorporating the learnings into the Mission.

17. Conclusion
Unlike other programmes, the success of the Indian smart cities programmes will
require sustained commitment from all beneficiaries. Urban leaders will need to
ensure that policy reforms and procedural changes transpire while executing the
large-scale infrastructure project. Such reforms will have a spillover effect and
positively influence other infrastructure projects planned outside of the Smart City
Mission as well creating exponentially impactful outcomes. The reforms that will
provide a big boost to the private sector include reforms in land acquisition,
environmental clearances, permits processes, imports of goods, dispute resolution
and contract enforcement.
The overall infrastructure investment required over the 20-year period 2012-2031 to
address the gaps and ensure outcomes is estimated by the Indian government to be
US$650 billion. There is promise this time with a motivated government, educated
masses and enthusiastic businesses, where the Smart City Mission scheme is only the
tip of the iceberg.

19. Bibliography
1. Introduction - https://www.india.gov.in/spotlight/smart-cities-mission-step-towards-
smart-india
2. History - https://en.wikipedia.org/wiki/Smart_Cities_Mission
3. What is a Smart City? - http://smartcities.gov.in/content/innerpage/what-is-smart-
city.php
4. Features of Smart city - http://smartcities.gov.in/content/innerpage/smart-city-
features.php
5. Financing of Smart Cities –
https://cities-today.com/industry/india-smart-cities
6. Implementation-
https://economictimes.indiatimes.com/news/economy/infrastructure/smart-city-
mission
7. Conclusion - https://cities-today.com/industry/india-smart-cities