The Union Cabinet has approved the launch of the Urban Challenge Fund (UCF) with a total central assistance of Rs 1 lakh crore, expected to leverage Rs 4 lakh crore in investments across India’s cities over five years under a market-linked programme. It also cleared the Startup India Fund of Funds 2.0 with a corpus of Rs 10,000 crore, and approved the extension of the metro corridor from Noida Sector 142 to Botanical Garden (Noida), spanning 11.56 kilometre with eight stations.