Page 36 - HUDCO-SHELTER-April22

THEME PAPER

Ecosystem will be rolled out Urban Development: As nearly 23 for inclusive housing,
which will consist of digital half of our population is likely infrastructure and urban
registries of health providers to be living in urban areas by development domain are
and health facilities, unique the time India reaches 100 expected to accelerate the
health identity and universal years of Independence, there is pace of economic growth
access to health facilities. a need to reimagine our cities in the pandemic-ravaged
into centres of sustainable year as well as create job
• Financing of Investment: living with opportunities for opportunities to the millions.
Many innovative financing all. For orderly development Employment for all is also
mechanisms are proposed of urban areas, a High Level another aspect of inclusive
for raising resources Committee would be set up development. The huge
including Sovereign with urban planners, urban investments earmarked in
Green Bonds for financing economists and institutions the Union Budget 2022-23 for
green infrastructure; NIIF; to make recommendations housing and infrastructure
Blended financing (govt. on urban sector policies, projects are expected to
share limited to 20%) for capacity building, planning, create huge income and
sunrise opportunities such implementation and employment opportunities
as climate action, agri- governance steer a paradigm
tech, etc; Venture Capital change for sustainable urban through the sector’s strong
Fund through regulatory development. income and employment
framework; Private multipliers and inter-linkages
Equity; etc. in addition to • The States would be with other industries. Further,
public investment in order supported for Urban Capacity the emphasis on urban
to crowd in the private Building activities with focus development is very timely
investment. The outlay for on Modernization of building considering the fact that urban
public capital expenditure bye-laws, Transit Oriented centres contribute more than
(capex) sharply increased Development (ToD), Town 65% of GDP of the country.
by 35.4% over the last year, Planning Schemes, Public Further, focus on facilitating
i.e. from Rs 4.54 lakh crore transport including Mass tier-two and tier-three cities
to Rs 7.50 lakh crore in 2022- Transit scheme, e-vehicles, to take on the mantle in
23. The effective capital and AMRUT Schemes. the future, in addition to
expenditure of the Central • Five existing Academic nurturing the megacities
government is estimated at Institutions in different would enhance productivity,
Rs. 10.68 lakh crore in 2022- regions will be designated and agglomeration economies
23, about 4.1% of GDP. as ‘Centres of Excellence’ in the urban areas which will
This will be a continuous to develop India-specific create more income and job
enabler for leveraging knowledge in urban planning opportunities for sustainable
public investment to raise and design and to deliver living conditions for all.
private investment which certified training in these
is critical for filling in huge areas. These Centres will be REFERENCES
investment requirement given an endowment fund of Govt. of India (2022), Union
for various infrastructure Rs 250 crore each. Budget 2022-23: Speech of Ms..
projects. Nirmala Sitharaman. Minister
CONCLUSION
URBAN DEVELOPMENT The measures announced of Finance, GoI, February 1,
2022, accessed from https://
• High Level Committee on in the Union Budget 2022- www.indiabudget.gov.in

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