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B-SMILE Launches with ₹7,000 Crore Commitment

B-SMILE Launches with ₹7,000 Crore Commitment Why in the News ? The Karnataka government has launched B-SMILE, a special-purpose vehicle with an initial ₹7,000 crore funding to execute large urban infrastructure projects in Bengaluru. The initiative aims to combine public funding and private investment for urban transformation. Understanding Formation and Ownership Structure: B-SMILE stands for …