France Allocates €100M Loan for India's Smart Cities Mission

03 Nov 2023 CW Team

The decision to grant the loan was announced during French President Emmanuel Macron's visit to India. This loan signifies the deepening ties between the two nations in the field of sustainable urban development. France's commitment to contribute to India's Smart Cities Mission highlights its support for India's vision of transforming cities into modern urban centers equipped with advanced infrastructure and efficient public services.

India's Smart Cities Mission, launched in 2015, has already identified 100 cities for comprehensive development. The mission aims to create sustainable and inclusive cities that offer a good quality of life to the citizens. The focus is on incorporating technological advancements that enhance urban infrastructure while promoting citizen participation, economic growth, and environmental sustainability.

The €100 million loan from France will provide much-needed financial support for the development and implementation of various projects under the Smart Cities Mission. This loan will aid in the execution of innovative solutions that address challenges related to transportation, energy efficiency, waste management, and digital connectivity in the identified smart cities.

Furthermore, this collaboration with France brings additional benefits to India. It opens up avenues for knowledge sharing and technical expertise transfer in the field of urban planning and development. France's experience in sustainable urban development, particularly in areas such as energy-efficient buildings, smart mobility, and urban governance, will prove valuable for India's urban transformation.

The loan provided by France will be utilized in a phased manner, supporting different stages of project implementation. This financial support will enhance India's progress towards achieving its smart city objectives and ensure that the cities under the Smart Cities Mission are equipped with modern amenities and infrastructure.

India's Smart Cities Mission has already witnessed remarkable progress, with several cities showcasing successful initiatives and implementation of innovative projects. The financial assistance from France will undoubtedly accelerate this momentum and facilitate the realization of the mission's goals.

In conclusion, France's announcement of a €100 million loan to support India's Smart Cities Mission is a testament to the strengthening bilateral relations between the two countries. This loan will enable India to advance its urban development objectives, embracing sustainability and innovation, and ultimately shape cities that improve the lives of its citizens.

France has recently pledged a substantial loan of €100 million to support India's Smart Cities Mission. This financial assistance aims to bolster India's ambitious initiative of developing 100 smart cities across the country. The decision to grant the loan was announced during French President Emmanuel Macron's visit to India. This loan signifies the deepening ties between the two nations in the field of sustainable urban development. France's commitment to contribute to India's Smart Cities Mission highlights its support for India's vision of transforming cities into modern urban centers equipped with advanced infrastructure and efficient public services. India's Smart Cities Mission, launched in 2015, has already identified 100 cities for comprehensive development. The mission aims to create sustainable and inclusive cities that offer a good quality of life to the citizens. The focus is on incorporating technological advancements that enhance urban infrastructure while promoting citizen participation, economic growth, and environmental sustainability. The €100 million loan from France will provide much-needed financial support for the development and implementation of various projects under the Smart Cities Mission. This loan will aid in the execution of innovative solutions that address challenges related to transportation, energy efficiency, waste management, and digital connectivity in the identified smart cities. Furthermore, this collaboration with France brings additional benefits to India. It opens up avenues for knowledge sharing and technical expertise transfer in the field of urban planning and development. France's experience in sustainable urban development, particularly in areas such as energy-efficient buildings, smart mobility, and urban governance, will prove valuable for India's urban transformation. The loan provided by France will be utilized in a phased manner, supporting different stages of project implementation. This financial support will enhance India's progress towards achieving its smart city objectives and ensure that the cities under the Smart Cities Mission are equipped with modern amenities and infrastructure. India's Smart Cities Mission has already witnessed remarkable progress, with several cities showcasing successful initiatives and implementation of innovative projects. The financial assistance from France will undoubtedly accelerate this momentum and facilitate the realization of the mission's goals. In conclusion, France's announcement of a €100 million loan to support India's Smart Cities Mission is a testament to the strengthening bilateral relations between the two countries. This loan will enable India to advance its urban development objectives, embracing sustainability and innovation, and ultimately shape cities that improve the lives of its citizens.

Infrastructure Urban

08 Dec 2025

Centre Boosts FPO Growth With New Credit And Market Support

The Government is implementing the Central Sector Scheme on the formation and promotion of 10,000 Farmer Producer Organisations (FPOs), under which all 10,000 FPOs have now been registered. The scheme provides Rs 1.8 million per FPO for three years as management support, a matching equity grant of up to Rs 1.5 million, and a credit guarantee of up to Rs 0.02 billion through eligible lending institutions. It also offers assistance for training, market linkages and alignment with other schemes. FPOs receive support to obtain input licences for seed, fertiliser and pesticide supplies, as well as..

Infrastructure Urban

08 Dec 2025

PM-KISAN Drives Farm Income Gains And Rural Stability

The PM-KISAN scheme, a central sector initiative launched in February 2019, aims to support the financial needs of farmers holding cultivable land. Under the scheme, Rs 6,000 per year is transferred in three equal instalments to Aadhaar-seeded bank accounts through Direct Benefit Transfer. Eligibility is based primarily on cultivable landholding, with certain exclusions for individuals of higher economic status. A farmer-centric digital infrastructure ensures scheme benefits reach farmers across India without intermediaries. With full transparency in registration and verification, the Governm..

Infrastructure Urban

08 Dec 2025

Govt Extends Pro Tem Security Certificate To Two Years

In a further push to improve ease of doing business and ensure continuity for the telecom industry, the National Centre for Communication Security (NCCS) under the Department of Telecommunications has extended the validity of the Pro Tem Security Certification from six months to two years. The Pro Tem Certification, initially launched in October 2024 with a six-month validity, was designed to prevent business disruption for IP Router and Wi-Fi CPE products, which became subject to mandatory security certification from 1 October 2024. Under this certification, OEMs submit a declaration confirm..