City Finance.in

DURATION

2020-ongoing

Standardising financial information on cities, nationally

Launched by the Ministry of Housing and Urban Affairs in May 2020, cityfinance.in is a national municipal finance portal that serves as a framework of standardised, timely, and credible information on cities.

Program Details

cityfinance.in was conceived by Janaagraha as a portal for hosting the audited annual accounts of cities. It facilitates benchmarking, comparison, and peer learning between cities on a range of financial and operational performance indicators.

The portal also houses the 15^th Finance Commission online grant management system to streamline the administration of FC grants to ULBs. The system includes elements of observability, traceability, digital verification and online monitoring to ensure that each stakeholder (whether it is the MoHUA, the State, or a ULB) knows the status of compliance, grant due and the status of grant release.

In December 2022, the Ministry (MoHUA) launched the City Finance Rankings initiative, completely powered on its www.cityfinance.in platform, to evaluate, recognize, and reward India’s cities on their financial health and improvement in financial performance over time. The rankings will provide critical insights into the state of city finances and guide policy decisions. They will also serve as motivation for city and state officials to implement municipal finance reform.

impact

As on April 2023 cityfinance.in hosts nearly 9,300 audited annual accounts of nearly 3,300 ULBs (out of 4,700+) from FY 2015-16 to 2021-22.
Over 3,500 ULBs have used the cityfinance.in portal to claim their 15th Finance Commission grants for FY 2021-22 and FY 2022-23.
Over 3,000 ULBs have published audited annual accounts for FY 2019-20 and FY 2020-21, as well as provisional annual accounts for FY 2021-22, on cityfinance.in

learn more

Visit cityfinance.in