Patna Municipal Corporation Lists ₹20-Crore Bond on NSE, First of Its Kind

Patna Municipal Corporation (PMC) has listed a ₹20 crore municipal bond on the National Stock Exchange (NSE), becoming the first municipal body in India to do so. The bond is part of a new initiative aimed at raising funds for local infrastructure projects through a regulated market mechanism. By listing on NSE, the bond offers investors a transparent and liquid platform, potentially encouraging more participation from both retail and institutional investors. The move is expected to set a precedent for other municipal corporations in Bihar and across the country, providing a viable alternative to traditional funding sources. Chief Minister Samrat expressed optimism about the development, highlighting its potential to accelerate urban development in Patna.