The Union Minister for Housing and Urban Affairs, Manohar Lal, announced a significant increase in urban sector investments, rising from ₹1.78 lakh crore during 2004-2014 to ₹28.52 lakh crore since 2014. This 16-fold surge underscores the government’s commitment to urban development as a cornerstone for achieving a developed India by 2047. Such investments reflect a strategic shift toward creating modern, sustainable, and inclusive urban spaces to meet the demands of a rapidly urbanizing population.

Key initiatives include the Atal Mission for Rejuvenation and Urban Transformation (AMRUT), which has enhanced water and sewage treatment capacities, and the Pradhan Mantri Awas Yojana (PMAY) 2.0, focusing on rental housing for migrant populations. Additionally, the PM Svanidhi Scheme has disbursed loans totaling ₹13,422 crore to street vendors, empowering them economically and promoting financial inclusion. The Swachh Bharat Mission has also made significant strides in waste remediation, transforming cities like Ahmedabad and Hyderabad into cleaner, more sustainable urban centers.

These developments highlight a comprehensive approach to urban planning, ensuring that infrastructure, housing, and sustainability are prioritized for long-term growth. Furthermore, the emphasis on inclusive schemes like PM Svanidhi and PMAY demonstrates a commitment to uplifting vulnerable populations, fostering economic resilience, and creating equitable opportunities. By integrating sustainability and innovation into urban development, these initiatives not only address current challenges but also lay the groundwork for a future-ready India.

References:
“Urban Development Investments Surge to ₹28.52 Lakh Crore,” DD News, January 2025. Retrieved from https://ddnews.gov.in