Financing Smart City & Importance of Financial Eco

system for Smart City

Satish HardikarDy Gen ManagerBank of BarodaSurat City Region

SMART CITY

• To drive economic growth and improve the quality of life of people by enabling local area development and harnessing technology that leads to smart outcome.

• Planning for unplanned area.• Smart solutions on public information,

grievance redressal and electronic service delivery.

• 2015-16 to 2019-20 for -100+ cities.

• Government has announced Big Ticket Urban Development Plans, Financing and Execution of these grand dreams

• Centrally sponsored scheme of Rs.48000/- crs. for five years additionally funded by state government equally.

• Proposed Plan – State Government and Urban Local Bodies with Private Players as equity partners and to build SPV.

Road Transport, Port, Power, Telecom and Railways plus Affordable Housing Partnership Scheme for Housing for all (Present Deficit 20 Million houses in urban area by 2022)

Financing of Smart City• Traditional Approach:Tax sources and Responsibilities

• Non-Traditional Approach Central and State Government AssistancePPP…. financial intermediatary SPVECBADB…World Bank Municipal Bonds

• Sustainable Eco- system for smart cities –Reforming citizen…..Smart People…..Smart Technology.

• Non-uniform applicability.• Impact oriented and not target oriented

approach.• Partner in the progress• Harmonious and sustainable growth• Value addition

Imp. of Financial Eco-system

Imp. of Financial Eco-system

• Debit Cards…….1,18,000+ATMs• Tie-up with VISA and Master• Baroda Ru-Pay Card• Acceptable 3,50,000+ POS in India and 29,000,000 Globally.• Foreign currency travel easy Card• Gift Card• Baroda Connect-24*7• Baroda M-Connect

Conclusion……• Smart city has to be more than just data and

technology• Must include citizens and entities• Build and Eco-System as the platform to host

your smart city• What will you put on the platform? What

pillars?• How to make it sustainable? Where are the

resources from?• Team Work makes the Dream works

Thank You……