Goa Gets Financial Assistance of Rs 223 Crore

Goa Gets Financial Assistance of Rs 223 Crore

Finance Ministry has clarified that Goa has become the 6th State in the country to successfully undertake Urban Local Bodies (ULB) reforms stipulated Ministry of Finance.

Consequently, the State has become eligible to mobilise additional financial resources of Rs 223 crore through Open Market Borrowings.

Goa has joined five other States namely, Andhra Pradesh, Madhya Pradesh, Manipur, Rajasthan and Telangana, who have completed ULB reforms.

So far, these six States have been granted a total additional borrowing permission of Rs 10,435 crore.

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