New Delhi: The Union Cabinet today approved 100 Smart City Projects and the old housing projects initiated by the erstwhile government.
The Smart City project was announced by Union Finance Minister Arun Jaitley in the first Union Budget last year in July.
Earlier this month, Urban Development Minister Venkaiah Naidu had said the project will be rolled from the next month onwards and then the competition, race will start.
Lot of companies are showing interest because now the government has allowed FDI, he had added.
The Cabinet today also announced relief measures for farmers facing huge crop damage due to unseasonal rains and hailstorms.