OPEN APP
Home >News >India >Manipur 4th state to complete urban local bodies reform, can borrow adnl 75cr
Manipur chief minister Nongthombam Biren.
Manipur chief minister Nongthombam Biren.

Manipur 4th state to complete urban local bodies reform, can borrow adnl 75cr

  • Earlier, Telangana, Andhra Pradesh and Madhya Pradesh had successfully completed urban local bodies reform reforms.
  • These three states have been granted additional borrowing permission of 7,406 crores.

Manipur has become the fourth state in the country to successfully undertake 'Urban Local Bodies (ULB)' reform stipulated by the Department of Expenditure, the Ministry of Finance said on Thursday.

The state is now eligible to mobilise additional financial resources of 75 crore through open market borrowings. Permission for the same was issued by the Department of Expenditure on Tuesday.

Also Read | How plant meat is coming of age in India

Earlier, Telangana, Andhra Pradesh and Madhya Pradesh had successfully completed the reforms. These three states have been granted additional borrowing permission of 7,406 crores.

As per the Finance Ministry, Andhra Pradesh has been permitted to borrow additional 2,525 crore, Madhya Pradesh 2,373 crore, Telangana Telangana and Manipur can borrow additional 75 crore.

Reforms in the urban local bodies and the urban utilities reforms are aimed at financial strengthening of ULBs in the state and to enable them to provide better public health and sanitation services.


Subscribe to Mint Newsletters
* Enter a valid email
* Thank you for subscribing to our newsletter.

Click here to read the Mint ePaperMint is now on Telegram. Join Mint channel in your Telegram and stay updated with the latest business news.

Close
×
Edit Profile
My Reads Redeem a Gift Card Logout