<h1>Indian Government Approves Rs. 1 Lakh Crore for Urban Development Under Smart Cities and AMRUT Missions.</h1> The Union Cabinet, led by the Prime Minister, approved a significant investment of Rs. 1 lakh crore for urban development through the Smart Cities Mission and the Atal Mission for Rejuvenation and Urban Transformation (AMRUT) over five years. The Smart Cities Mission, with a budget of Rs. 48,000 crore, aims to develop 100 smart cities by providing Rs. 100 crore annually to each selected city. The AMRUT initiative, with a Rs. 50,000 crore outlay, focuses on enhancing infrastructure in 500 cities. Both missions emphasize citizen participation, sustainable urban living, and economic growth, with a mix of government funding and private investment through public-private partnerships.