Objective:
✓ Promote circular economy practices and integrated waste management at the city level.
✓ Implement climate-oriented reform actions at the state level.
✓ Period of Scheme – The scheme will be implemented from 2023 to 2027 for a period of 4 years.
Components:
✓ Financial and technical support for climate resilience projects in 18 smart cities.
✓ Support for states and union territories in establishing climate centers, data observatories, and capacity building.
✓ Interventions to enhance climate governance at the central, state, and city levels.
Collaboration with:
✓ French Development Agency (AFD),
✓ Kreditanstalt für Wiederaufbau (KfW),
✓ European Union (EU), and
✓ the National Institute of Urban Affairs (NIUA)
Funding:
✓ Loan of Rs. 1,760 crore (EUR 200 million) from AFD and KfW.
✓ Technical assistance grant of Rs. 106 crore (EUR 12 million) from the EU.
Impact:
✓ Complements India's climate initiatives and contributes to sustainable habitat, urban development, and cleanliness missions.
✓ Aligns with India's commitments under INDCs and COP26.