19 March 2022
Bank Approves 250cr to AMC for Smart City
It was mandatory for the Aurangabad Municipal Corporation (AMC) to con- tribute 182 crore in the Smart City scheme before March 31. The process of borrowing loan of 250 crore was started. The Central Bank of India on Wednesday gave the green signal to the loan. The amount was also credited to the corporation’s account.
Municipal administrator Astik Kumar Pandey said the corporation was prepar- ing to take a loan of 250 crore for its share in the smart city It was decided to take this loan from a nation- alised bank. The state gov- ernment recently approved crore. the process. The urban devel- opment department approved the proposal of the corporation.
491 crore fund
to Smart City The Smart City plan
has ordered that no new work order should be issued after March 31. Therefore, Smart City published a tender for 317 crore roads. Tenders for other works will also be published soon. The administration tends to issue maximum work orders before March 31.
worth 1,000 crore. It was decided that the Central gov ernment should contribute 3500 crore and State and AMC should contribute 250 crore each. So far, the Central government has given only 3294 crore and the State gov ernment provided 147 crore. Initially, the corporation paid only 68 crore out of 250
Meanwhile, *309 crore is yet to be received from the Central and State govern ments. The corporation will also contribute 182 crore in one to two days. Therefore, a fund of 2491 crore will be is available for Smart City
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