PM launches urban mission 'Property rights can be used as collateral for financing new investment'

  • 03/12/2005

  • Business Line (New Delhi)

The Prime Minister, Dr Manmohan Singh, launched the Rs 1 lakh-crore Jawaharlal Nehru National Urban Renewal Mission (JNNURM) aimed at improving urban infrastructure and urban basic services in over 60 cities with a million-plus population, all State capitals and some cities of religious, historical and tourist importance. "A major failure of city governance has been our inability to address the needs of the poor