Centre opens urban projects to RWAs, private players

The Rs 1 lakh crore Fund will see cities proposing different projects to the state government and then competing against each other to tap into this fund. The Centre has earmarked Rs 20,000 crore per year for the next five years. The state governments will match up the Centre's share and the remaining will be raised from the market, either as bank loans or through private participation or through municipal and citizen bonds.