According to the response given by Rao Inderjit Singh, Minister of State (Urban Development), in the Rajya Sabha on March 16, 2017, Rs 5,961.70 crore has been released to the cities under SCM during the financial year 2015-16 and 2016-17. It also
Out of 60 Smart Cities, 55 cities have incorporated city-level SPVs for implementation of the mission. For designing, developing, managing and implementing the SCPs, PMCs have been set up in 23 cities. Request for proposals (RFPs) for an appointment of PMCs has also been floated in other 22 cites. Regular reviews are undertaken at the State and Central level to monitor the progress of the Mission.
So far, 20 cities have identified 642 projects amounting to Rs 25,935.02 crore. Out of this, 23 projects (worth Rs 304.97 crore) have been completed, works in 65 projects (worth Rs 2,736.90 crore) have started, request for proposals for 79 projects (worth Rs 6,351.39 crore) have been issued and remaining 475 projects (worth Rs. 16,541.76 crore) are at pre-tendering stage or feasibility study stage.