Rajasthan has become the 5th state in the country to successfully undertake Urban Local Bodies reforms stipulated by the Department of Expenditure, Ministry of Finance. It has thus become eligible for additional reform linked borrowing. Accordingly, the State has been granted permission by the Department of Expenditure to mobilise additional financial resources of 2,731 crore rupees through Open Market Borrowings.
Rajasthan has joined four other states namely, Andhra Pradesh, Madhya Pradesh, Manipur and Telangana, who have completed ULB reforms. On completion of this set of reforms, these five States have been granted a total additional borrowing permission of 10,212 crore rupees.
Reforms in ULBs and the urban utilities reforms are aimed at financial strengthening of ULBs in the states and to enable them to provide better public health and sanitation services to citizens.
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