New Delhi, April 15 (IANS) Union Minister for Housing and Urban Affairs, Manohar Lal, on Wednesday launched the operational guidelines for the Urban Challenge Fund (UCF) along with the Credit Repayment Guarantee Sub-Scheme (CRGSS), saying the Rs 1 lakh crore fund is designed to mobilise nearly four times investment through market-based financing.Addressing the launch event, the minister said the UCF represents a paradigm shift in India’s approach to urban development, focusing on leveraging pu…
Latest Municipal Bonds News & Updates
Mumbai, March 9 (IANS) Maharashtra Chief Minister Devendra Fadnavis on Monday said that municipal corporations can raise essential funds for various developmental projects by issuing bonds in the capital market, adding that creating “Innovative Funds,” similar to the Nashik Municipal Corporation (NMC) model, will provide a significant financial boost to urban development. The Chief Minister was speaking after performing the ceremonial ‘Ringing of the Bell’ at the National Stock Exchange (NSE…
New Delhi, Feb 14 (IANS) Marking a paradigm shift in the urban development approach, the government on Saturday approved the launch of the Urban Challenge Fund (UCF) with a central assistance of Rs 1 lakh crore.The central assistance will cover 25 per cent of the project cost, subject to raising minimum 50 per cent of the project cost from market.This will lead to a total investment of Rs 4 lakh crore in urban sector in the next five years, marking a paradigm shift from grant-based financing to …
New Delhi, Feb 1 (IANS) As part of the financial sector reforms announced in the Union Budget for 2026-27 on Sunday, the government proposes to restructure the Power Finance Corporation and the Rural Electrification Corporation to achieve scale and improve efficiency in the public sector NBFCs.The vision for NBFCs for Viksit Bharat has been outlined with clear targets for credit disbursement and technology adoption.Finance Minister Nirmala Sitharaman said in Parliament that a High-Level Committe…
Gandhinagar, Feb 1 (IANS) Chief Minister Bhupendra Patel on Sunday said the Union Budget 2026–27, presented by Finance Minister Nirmala Sitharaman, would accelerate India’s reform agenda towards becoming a developed and self-reliant nation, while delivering long-term benefits for Gujarat.CM Patel said, “This Budget moves the reform express forward for a developed and Aatmanirbhar Bharat under the leadership of Prime Minister Narendra Modi.”He said the Budget, prepared at Kartavya Bhavan, is ce…
Mumbai, Feb 1 (IANS) Maharashtra Deputy Chief Minister Eknath Shinde has congratulated Union Finance Minister Nirmala Sitharaman on presenting her ninth budget, aimed at making India self-reliant and developed. He stated that the budget provides significant strength to Mumbai and Maharashtra — the growth engines of the country — by boosting the holistic development of smaller cities, enhancing infrastructure, and providing massive incentives to Micro, Small, and Medium Enterprises (MSMEs). Thi…