₹225 crore to be released as the first installment
Lucknow: In the Cabinet meeting, approval was granted for the release of funds and expenditure proposals for the comprehensive and planned development of new cities in Agra, Bareilly, and Prayagraj under the Mukhyamantri Shehri Vistarikaran/ Naye Shehar Protsahan Yojana. This decision is expected to give fresh momentum to modern, well-planned, and future-ready urban development across the state.
To provide better housing facilities to the rapidly growing urban population and to ensure the planned expansion of cities, the state government has implemented the Mukhyamantri Shehri Vistarikaran/ Naye Shehar Protsahan Yojana. Detailed guidelines for the scheme were also issued on April 6, 2023.
Under the scheme, the state government provides seed capital of up to 50 percent of the land acquisition cost for the development of new cities for a maximum period of 20 years.
This provision will facilitate development authorities and concerned agencies in developing large-scale urban infrastructure.
A budgetary allocation of ₹3,500 crore has been made for the scheme in the financial year 2026-27.
Under this initiative, seed capital amounting to a total of ₹355.06 crore has been approved for the development of the proposed new cities in Agra, Bareilly, and Prayagraj.
Against this approved amount, financial sanction has been granted for the release of ₹225 crore as the first installment.
