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.
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 an online grant management system to streamline the transfer of 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 2022, we introduced the City Finance Rankings to evaluate, recognize, and reward India’s cities on their financial health and the strides they have made to improve it. 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.
Visit the CityFinance.in portal here.