May 31, 2023: The Cabinet today approved the City Investments to Innovate, Integrate and Sustain 2.0 (CITIIS 2.0) to promote circular economy in 18 smart cities. These cities will be selected through a competitive process.
To run for four years between 2023 and 2027, the scheme will receive credit of Rs 1,760 crore from French Development Agency (AFD) and Kreditanstalt für Wiederaufbau (KfW) and a technical assistance grant of Rs 106 crore from the European Union.
“The programme envisages to support competitively selected projects promoting circular economy with focus on integrated waste management at the city level, climate-oriented reform actions at the state level and institutional strengthening and knowledge dissemination at the national level,” the government said in a statement on Wednesday.
CITIIS 2.0 will supplement the climate actions of the government through its ongoing programmes such as the National Mission on Sustainable Habitat, AMRUT 2.0, the Swachh Bharat Mission 2.0 and the Smart Cities Mission.
Recall here that CITIIS 1.0 was launched in 2018 by the housing ministry, the AFD, the EU and the NIUA with a total outlay of Rs 933 crore.
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