PM Scheme Part-5 Smart City mission,Kisan Vikas Patra, Heritage City Development and Augmentation Yojana,

PM Scheme-Part-5 Smart City Mission
The scheme was launched Launched on 29th April 2015 .
In first Government of india Will Develop 100 Smart cities in India
Making Skill available to All Youth of India.
Details About Smart City Mission
Smart Cities Mission is an urban renewal and retrofitting program by the Government of India with a mission to develop 100 cities all over the country making them citizen friendly and sustainable.The Union Ministry of Urban Development is responsible for implementing the mission in collaboration with the state governments of the respective cities.
Smart Cities Mission envisions developing an area within 100 cities in the country as model areas based on an area development plan, which is expected have a rub-off effect on other parts of the city and nearby cities and towns.Cities will be selected based on the Smart Cities challenge, in which cities will compete in a countrywide competition to get the benefits from this mission. As of June 2017, 90 cities have been selected to be upgraded as part of the Smart Cities Mission after they defeated other cities in the challenge.
It is a five-year program, where all of the Indian states and Union territories are participating except West Bengal by nominating at least one city for the Smart City challenge. Financial aid will be given by the central and state government between 2017 - 2022 to the cities and the mission will start showing results from 2022 on wards.
Each city will create a corporate company headed by a full-time CEO to implement the Smart Cities Mission.The execution of projects may be done through joint ventures, subsidiaries, public-private partnership (PPP), turnkey contracts, etc suitably dovetailed with revenue streams.Center and state government will provide INR 1,000 Crore funding to the company, as equal contribution of INR 500 crore each. The company has to raise additional fund from the financial market as a debt or equity.
History and Work"100 Smart Cities Mission" was launched by Prime Minister Narendra Modi on June 25, 2015. A total of ₹98,000 crore (US$15 billion) has been approved by the Indian Cabinet for the development of 100 smart cities and rejuvenation of 500 others. ₹48,000 crore (US$7.5 billion) for the Smart Cities mission and a total funding of ₹50,000 crore (US$7.8 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$1.1 billion) for the 150 smart cities. However, only ₹924 crore (US$140 million) could be spent out of the allocated amount until February 2015. Hence, the 2015 Union budget of India allocated only ₹143 crore (US$22 million) for the project.
The first batch of 20 cities was selected. Known as "20 Lighthouse Cities" in the first round of the All India City Challenge competition will be provided with central assistance of ₹200 crore (US$31 million) each during this financial year followed by ₹100 crore (US$16 million) per year during the next three years. The remaining money has to come from the states, urban bodies and the consortium that they form with corporate entities. Also, 10 per cent of budget allocation will be given to states / union territories as incentive based on achievement of reforms during the previous year
Urban Development Ministry had earlier released ₹2 crore (US$310,000) each to mission cities for preparation of Smart City Plans.
SMART Cities Mission: Features
• Scheme aims to make urban areas liveable, inclusive while driving economic growth
• Each city selected will be given central assistance of INR 100 crore for 5 years
• Smart City aspirants to be selected through City Challenge Competition for linking financing with capacity of cities to attain mission objectives 
 Mission aims to promote smart solutions for efficient use of available assets, resources and infrastructure for:>
- Enhanced urban living
- Clean and Sustainable Environment
- Critical emphasis is on citizen participation in prioritising and planning urban interventions
 Area Based Approach comprising:
- Retrofitting: Deficiencies will be addressed through necessary interventions
- Redevelopment: Reconstruction of built up area now amenable for any other intervention
- Pan City initiatives: Such as intelligent transport solutions benefiting residents through commuting time
- Development of new 
 Focus is on
- Adequate clean water
- Sanitation and solid waste management
- Effective urban mobility and public
- Reasonably priced housing for poor persons
- Uninterrupted power supply
- Strong IT
- e-Governance and citizen participation
- Safety, security, health and education
- Sustainable urban environment
Smart City Action Plans will be implemented by SPVs
-Mission is to be implemented in 500 cities and towns with population of one lakh or more including:
- Cities near main rivers
- Capital cities
- Important city in hilly and tourist areas.                                        Heritage City Development and AugmentationYojana (HRIDAY)
Launched on 21 January 2015
Budget ₹500 crore (US$78 million)
Main objective – To develop heritage cities.
About Heritage City Development and Augmentation Yojana (HRIDAY)
India is endowed with rich and diverse natural, historic and cultural resources. It is a palette of different cultures, religions, traditions, home of various forms of art and handicrafts, music and literature, architectural styles et al. However, it is yet to explore the full potential of such resources to its full advantages.
Past efforts of conserving historic and cultural resources in Indian cities and towns have often been carried out in isolation from the needs and aspirations of the local communities as well as the main urban development issues, such as local economy, urban planning, livelihoods, service delivery, and infrastructure provision in the areas. Heritage areas are neglected, overcrowded with inadequate basic services and infrastructure, such as water supply, sanitation, roads, etc. Basic amenities like toilets, signages, street lights are missing. Multiple institutions and unclear regulatory framework for financing and managing urban heritage assets and landscapes, as well as weak capacity of Urban Local Bodies have created major challenges for managing these heritage cities.
With a duration of 4 years (completing in November 2018) and a total outlay of ₹500 crore (US$78 million), the Scheme is set to be implemented in 12 identified Cities.As a pilot, this flagship scheme of the government focuses on revitalising twelve heritage cities, namely Amrawati (Andhra Pradesh), Gaya (Bihar), Dwaraka (Gujarat), Badami (Karnataka), Puri (Odisha), Amritsar (Punjab), Ajmer (Rajasthan), Kanchipuram and Velankanni (Tamil Nadu), Warrangal (Telangana) and Mathura and Varanasi (Uttar Pradesh).
The Scheme shall support development of core heritage infrastructure projects including revitalization of linked urban infrastructure for heritage assets such as monuments, Ghats, temples etc. along with reviving certain intangible assets. These initiatives shall include development of sanitation facilities, roads, public transportation and parking, citizen services, information kiosks etc.
FundingHRIDAY is a central sector scheme, where 100% funding will be provided by Government of India. INR 500 Crores have been allocated to the scheme, 
The scheme would be implemented in a mission mode. Each city has been granted a specific amount of fund, based on its population and size.                                                                   Kisan Vikas Patra
Kisan Vikas Patra is a saving certificate scheme which was first launched in 1988 by India Post.
Union Finance Minister Arun Jaitley will re-launch the Kisan Vikas Patra (KVP) in New Delhi on Tuesday in the presence of Ravi Shankar Prasad, Union Minister of Communication and IT and Jayant Sinha, Minister of State for Finance among others, said a PIB release.
The re-launched KVP will be available to the investors in the denomination of Rs. 1000, 5000, 10,000 and 50,000, with no upper ceiling on investment.
The facility of transfer from one post office to another anywhere in India and of nomination will be available.
About Kisan Vikas Patra
In a bid to encourage the habit of small savings among citizens, Union government plans to re-launch the once successful Kisan Vikas Patra (KVP) on Tuesday.
Union Finance Minister Arun Jaitley will re-launch the Kisan Vikas Patra (KVP) in New Delhi on Tuesday in the presence of Ravi Shankar Prasad, Union Minister of Communication and IT and Jayant Sinha, Minister of State for Finance among others, said a PIB release.
Mr. Jaitley, in his budget speech had announced that KVP and National Savings Schemes (NSS) will be re-introduced.
The re-launched KVP will be available to the investors in the denomination of Rs. 1000, 5000, 10,000 and 50,000, with no upper ceiling on investment.
The certificates can be issued in single or joint names and can be transferred from one person to any other person / persons, multiple times.
The facility of transfer from one post office to another anywhere in India and of nomination will be available.
The certificate can also be pledged as security to avail loans from the banks and in other case where security is required to be deposited. Initially the certificates will be sold through post offices, but the same will soon be made available to the investing public through designated branches of nationalised banks.
KVPs have unique liquidity feature, where an investor can, if he so desires, encash his certificates after the lock-in period of 2 years and 6 months and thereafter in any block of six months on pre-determined maturity value. The investment made in the certificate will double in 100 months.
KVPs, originally launched on April, 1988, was very popular among the investors and the percentage share of gross collections secured in KVP was in the range of 9 % to 29 % against the total collections received under all National Savings Schemes in the country.
Gross collections under the scheme in the year 2010-11 were Rs. 21631.16 crores which was 9 % of the total gross collections during the year. In the year of its closure, the scheme secured gross collections of Rs. 7575.95 crores (April 2011 to November 2011).
Post Office Saving SchemesBenefits
Amount Invested matures in 115 months.Rate of Interest 7.5%.Certificate can be purchased by an adult for himself or on behalf of a minor or by two adults.KVP can be purchased from any Departmental Post office.Facility of nomination is available.Certificate can be transferred from one person to another and from one post office to another.Certificate can be encash after 2 & 1/2 years from the date of issue.
Post office KVP: Scheme Details, Interest Rate Chart, Taxation Benefits
Kisan Vikas Patra (KVP) for a very long time has been a very popular investment scheme amongst lower and middle income earners . The Post KVP scheme was first introduced in 1988 but was discontinued in 2011. But due to popular demands and request the KVP was re-introduced in 2014.
KVP is a government investment scheme wherein an individual can invest their saving in lump-sum. On every investment made the by the individual government pays interest at predetermined rate .
Post Office KVP Scheme DetailsWho can invest under KVP?
Every Indian resident individual who has attained majority (i.e. his or her age is more than 18 years) can opt to invest under KVP scheme. Also trust organization established in India can invest under the said scheme. But HUFs (Hindu Undivided Family), companies and other institution cannot invest in KVP.
Note: In case one wants to open a KVP in the name of minor, then the major individual can open the KVP account on behalf of the minor.
What amount to be invested?
The KYP scheme is generally issued in denominations of Rs.1000, Rs.5000 or Rs.10,000 and Rs.50,000.
The minimum amount to be invested under KVP scheme is Rs.1000.
There is no upper limit restriction for investment under this scheme.
How to open a KVP account?
Now-a-days KVP account facility is offered by all post offices, nationalized banks, state banks and associate banks. The interested individual must obtain and fill the KYC application and submit the same to near-by post office or banks. Along with application, the individual needs to provide self-attested copy of identity proof and address proof for opening the KVP account. The individual needs to provide the amount which he or she wants to invest, this amount one wants to invest can be contributed in cash, bank transfer or demand draft.
Income Tax Benefit
There is no tax benefit for any contribution made under the KVP scheme. The interest income under KVP is also chargeable to tax under the head of “Income from other sources”.
Interest Rate Chart
The rate of interest to be earned on KVP investment scheme is decided by the government. The rate of interest is generally provided each year by 1st April. It’s said that any amount invested under KVP would be doubled after 100 months (i.e. 8 years and 4 months) as of this writing.      PM Scheme Part-6 Soil health card scheme, Deendayal Upadhyaya Gram Jyoti Yojana, PM Sansad Adarsh Yojana, please click here

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