Patna Plans First Municipal Bond in Bihar
Patna is set to become the first Bihar municipality to issue municipal bonds, raising Rs 200 crore for urban infrastructure. The move comes as cities face problems like urban flooding and poor sanitation. It shows how cities may look to investors to fund much-needed upgrades.
Context
Context: Municipal bonds are loans that cities raise from investors and repay over time, instead of relying only on government grants. Many Indian cities struggle with drainage and waste because they lack funds, so new funding routes are being tried.
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