Question

How is the JGSY implemented in terms of cost sharing between the Centre and the State?

• A. On a cost-sharing basis between the Centre and the State in the ratio of 75:25 respectively.
• B. Equally shared between the Centre and the State (50:50).
• C. The State bears 75% of the cost, and the Centre bears 25%.
• D. The entire cost is borne by the Central government.

Answer 1

Answer:

A. On a cost-sharing basis between the Centre and the State in the ratio of 75:25 respectively.

Jawaharlal Nehru Urban Renewal Mission (JNURM) - Key Implementation Details:

• Cost Sharing Mechanism: The implementation of the Jawaharlal Nehru Urban Renewal Mission (JNURM) involves a defined cost-sharing arrangement between the Central Government and the State Governments.

• Central Assistance Ratio: The Central Government contributes to the project costs in a significant proportion.

• State Government Contribution: State Governments are responsible for the remaining portion of the project costs.

• Specific Ratio: The cost-sharing ratio between the Centre and the States under JNURM is fixed at 75:25. This means the Central Government bears 75% of the eligible project costs, while the State Governments are required to contribute the remaining 25%.

• Focus on Urban Development: JNURM, launched in 2005, aimed at focusing on urban renewal and development, covering areas like basic services to the urban poor, urban infrastructure and governance, and slum improvement and rehabilitation.