Rs 2.5 Cr for Solution Providers

Union ministry is offering funds for ideas that will provide solutions to problems faced by major cities in India

Published: 15th April 2016 05:09 AM  |   Last Updated: 15th April 2016 05:12 AM   |  A+A-

CHENNAI: A sum of Rs 2.5 crore - This is the carrot the Union Ministry of Urban Development is offering to make the officials managing the major cities of the country think of out-of-the-box solutions to the problems Indian cities are facing.

Chennai will be competing with other cities by submitting innovative research ideas in collaborations with institutes such as IIT-Madras. According to official sources, the Union Ministry has set May 31 as the deadline for submission of the project to be eligible to get funding under the first round.

The Union Ministry’s idea is simple. It will fund up to Rs 2.5 crore for research projects that will come out with innovative solutions to the problems urban areas face. The local bodies, like the city corporation, have to submit the ideas to get approval from the ministry for funding. The ministry feels it will spur innovative mindset in addressing the urban issues and collaboration with institutes of urban excellence such as IITs and IIMs. And also, 40 per cent of the total project cost, which should not exceed Rs 5 crore, must be borne by industry.

Thus the ministry is trying to forge a collaboration of educational institution, urban governance bodies and the private industry to address the problems faced by the urban areas of the country. The research project must be completed in 24 months.

Out of the Rs 5 crore for the project, 40 per cent must be contributed by the industry, 10 per cent by the urban local body and 50 per cent by the Union Ministry.

While the deadline for cities to submit the proposal was May 31, the ministry will make the selections by June 2016 under the first round.

Officials privy to the scheme said a maximum of 10 projects would be selected from the proposals across the country.

Stay up to date on all the latest Tamil Nadu news with The New Indian Express App. Download now


Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on are those of the comment writers alone. They do not represent the views or opinions of or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp