The Urban Development Ministry has proposed a six-fold increase in reform incentive fund to over 3,000 crore rupees annually over the next three years to push implementation of various schemes in urban sector. <br/><br/>An official release said, for providing the incentives, the cities will be ranked based on performance under five reforms such as getting credit ratings, initiatives for value capturing finances and bringing in professionalism in municipalities.

The Urban Development Ministry has proposed a six-fold increase in reform incentive fund to over 3,000 crore rupees annually over the next three years to push implementation of various schemes in urban sector. An official release said, for providing the incentives, the cities will be ranked based on performance under five reforms such as getting credit ratings, initiatives for value capturing finances and bringing in professionalism in municipalities. <br/><br/>The Ministry will organise a National Workshop on Urban Development in New Delhi today and will discuss a set of five major reforms with States and Union Territories. Urban Development Minister M.Venkaiah Naidu will chair the workshop. <br/>'<br/>'<br/>'<br/><br/>