New Delhi : Municipal bonds shall be issued to raise funds for urban development, said Finance Minister Nirmala Sitharaman Machines shall be employed to clean sewages in cities,
A capital investment of Rs 10 lakh crore shall be made in the year 2023-24. States will be given interest-free loans for one more year. 50 new airports and heliports shall be built, said Finance Minister
A municipal bond is a debt instrument issued by Corporations under municipal laws with permission of State governments. Funds raised thus are used to finance projects for socioeconomic development eg. schools, hospitals, bridges etc.