Sixteenth Finance Commission ₹3,56,257 crore for ULBs

Mitigation of Climate Change
May | 2026

 Source Of News: Click Here

Description

The ‘Sixteenth Finance Commission’s recommended ₹3,56,257 crore (EUR 32.42 billion) in grants for ULBs for 2026–31’, with performance-linked financing, reinforces the importance of accountable, digitally enabled and sustainable urban governance. These developments provide a favourable policy and financing environment for Urban-Act’s work on climate resilience, urban planning, municipal finance and investment-oriented solutions.