Global Journal of Management and Business Research, B: Economics and Commerce, Volume 23 Issue 3

sustainable and inclusive way. The goal is to place the focus on sustainable and inclusive development. As part of the Smart Cities Mission, smart cities will serve as examples that can be replicated both within and outside the Smart City, leading to similar Smart Cities being built in various parts of the country. SAMRT CITIES VISION Figure – 1 V. S mart C ities C ore I nfrastructure E lements Infrastructure plays a vital role in construction. Smart cities core Infrastructure includes a) Adequate water supply’ b) robust IT connectivity and digitalization c) Assured electricity supply d) Affordable housing especially for the poor e) Sustainable environment f) Safety and security of citizens, particularly women, children and the elderly, and health and education g) Sanitation, including solid waste management h) Good governance especially e-Governance and citizen participation i) Efficient urban mobility and public transport. VI. S mart C ities M ission A Smart Cities Mission is an urban renewal and retrofitting program being run by the Government of India with the goal of developing citizen-friendly and sustainable cities throughout the country. Implemen- tation of the mission is the responsibility of the Union Ministry of Urban Development and state governments of the respective cities. The Smart Cities Mission aims to improve the quality of life for people as well as drive economic growth and enable localized development by leveraging technology, especially technology that facilitates Smart decisions. The "100 Smart Cities Mission" was launched by PM Narendra Modi on 25 June 2015. Under the Housing and Urban Finance Ministry, the Smart Cities mission is governed. The Indian Cabinet approved the development of 100 smart cities and the revitalization of 500 others with a total of 98,000 crores (US$13 billion). VII. T he M ission S trategy for S mart C ities 1. Pan-city initiative in which at least one Smart Solution is applied city-wide 2. Develop areas step-by-step – three models of area- based developments 3. Retrofitting 4. Redevelopment 5. Greenfield VIII. T he F inancing of S mart C ities by F ederal G overnment Smart City Mission will be run by the Central Government as a federally-sponsored scheme (CSS), and the Central Government proposes to fund the project. The finance plays the vital role for construct the smart cities objectives. So, the central government plans to provide the financial assistance towards the smart cities project. The following table shows how much the federal government provides financial assistance to CSS. SMART INFRASTRUCTURE SMART ENVIRONMENT SMART GOVERNANCE SMART ECONOMY SMART TRANSPORTATION / MOBILITY SMART EDUCATION SMART ENERGY 34 Global Journal of Management and Business Research Volume XXIII Issue III Version I Year 2023 ( ) B © 2023 Global Journals Smart Cities Digital Transformation: Funded by Tufidco in Tamil Nadu