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ISAC will recognize and reward cities, projects and innovative ideas that promote sustainable development in urban areas, as well as stimulate inclusive, equitable, safe, healthy and collaborative cities, thus enhancing quality of life for all.”A Project Award will be given to the most innovative and successful projects across seven categories that are completed by April 1, 2018. Evaluation will be based on three aspects innovation, impact and replicability or scalability. An Innovation Idea Award will be given to recognise exceptional innovation in any of the seven identified categories or crosscutting themes,” the minister said.As for smart cities raising funds through municipal bonds, Puri said Pune has raised Rs 200 crore andmany other cities too have plans.