Smart Cities

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

1. ECONOMICSPROJECT

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.

6. 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.

7. Smart City Projects

8. 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;

9. 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 ;

10. 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.

11. 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

12. 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.

13. 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.

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