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Maharashtra to propose 'Urban Challenge Fund' for city's infrastructure, says CM Fadnavis

Updated On: 13 July, 2026 09:52 PM IST | Mumbai | mid-day online correspondent

Chief Minister Devendra Fadnavis proposed creating an Urban Challenge Fund to accelerate infrastructure development across Maharashtra's cities. The proposed Rs 90,000 crore initiative aims to mobilise resources through government support, debt bonds and PPP models

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Fadnavis unveils plan for Urban Challenge Fund to finance city infrastructure (File pic)

Fadnavis unveils plan for Urban Challenge Fund to finance city infrastructure (File pic)

Chief Minister Devendra Fadnavis on Monday said that an Urban Challenge Fund should be created to drive the holistic development of cities.

CM Fadnavis, while stating that urban centres must be treated as growth hubs, also said that these centres should also be provided with innovative financing mechanisms to accelerate infrastructure projects.

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