26 March 2022
AMC transfers 150 cr to Smart City scheme
The Aurangabad Municipal Corporation (AMC) was required to contribute Rs 250 crore in the Smart City scheme before March 31. Municipal administration gave Rs 150 crore in the gave first phase on Tuesday The remaining Rs 100 crore will be disbursed soon. Earlier, the corporation had deposited Rs 68 crore in the smart city funds. But the corporation will take back this amount, said chief accounts officer Santosh Wahule.
The Central government included Aurangabad in the Smart City project in 2016. It was decided that a fund of Rs 1000 crore would be made available for various development. works. A fund of Rs 500crore was to be deposit ed by the Central gov ernment, Rs 250 crore from the State govern ment and Rs 250 crore from the municipal administration The Central government has provided Rs 294 crore out of Rs 500 crore and the State gov ernment has provided of Rs Rs 147 crore out of 250 crore to the administra tion for the smart city till date. The remaining funds of Rs 309 crore will not be sanctioned till the corpora tion pays its share. The smart city scheme has a term till March 31, 2022.
The municipal administra tion had already deposited Rs 68 crore out of Rs 250 crore. It was decided to take a loan from a nation alised bank for the remain ing funds.
The Central Bank of India rece India recently approved a loan of Rs 250 crore to the AMC. Out of this loan, Rs 150 crore was paid to Smart City account.
The remaining Rs 100 crore will be given to Smart City soon. Therefore, the municipal corporation has asked for refund of Rs 68 crore deposited earlier, said Wahule.
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