Detailed project report for funding of buses under MoUD scheme for city
The Ministry of Urban Development (MoUD), Government of India (GOI) had issued policy circular Do. No. K-14011/48/2006-UT (Pt.) on 12th January 2009 under which the second Stimulus Package was announced by the Government and the States were provided assistance under the Jawaharlal Nehru National Urban Renewal Mission (JnNURM) for the purchase of buses for their urban transport systems. A total of 15,260 buses were sanctioned during 2009 to 2012 which have made a big contribution to urban transport in India. As per the Annual Budget Speech by Hon’ble Finance Minister for the FY 2013-2014, JnNURM is being continued in the 12th Plan with Rs. 14,873 crores allocated for the current year of which “a significant portion will be used to support the purchase of upto 10,000 buses, especially by the hill States”.