Government funding refers to financial resources provided by government entities to support various projects, programs, or services. This funding can come from federal, state, or local government budgets and is often allocated to specific sectors such as education, healthcare, infrastructure, social services, and research. Government funding can take various forms, including grants, loans, subsidies, and contracts, aimed at fostering economic development, public welfare, and community improvement. It is typically subject to regulations and oversight to ensure accountability and proper use of taxpayer money.
The Urban Challenge Fund aims to invest Rs 1 lakh-crore to transform cities into growth hubs. The fund shares similarities with the Smart Cities Mission, which faced execution challenges. The…