Urban Challenge Fund (UCF)

Urban Challenge Fund (UCF)

Ministry: Ministry of Housing & Urban Affairs (MoHUA)

Key Points

• Launched by Manohar Lal Khattar

• Vision: Viksit Bharat @2047

• Duration:

  • FY 2025–26 to FY 2030–31

  • Extendable till FY 2033–34

• Central Assistance:

  • ₹1 lakh crore

• Expected investment:

  • Nearly ₹4 lakh crore

• Central share:

  • Maximum 25% of project cost

• Minimum 50% funding from:

  • Municipal Bonds

  • Bank Loans

  • PPP

Credit Repayment Guarantee Sub Scheme (CRGSS)

• Allocation:

  • ₹5,000 crore

• Helps:

  • Small cities obtain market finance

Prelims Fact

Urban Challenge Fund focuses on making Indian cities financially sustainable.