https://indianmasterminds.com

ADVERTISEMENT
ADVERTISEMENT

Gujarat Leads in Municipal Bonds: Gandhinagar Floats Rs25 Cr Municipal Bonds, Becomes 5th Gujarat City to Tap Capital Markets

₹25 Crore GMC Bonds Listed on NSE by CM Bhupendra Patel Amid Push for Urban Sustainability in ‘Urban Year 2025’. GMC Issues First Bond in 15 Years, Eyes Sustainable Growth in Urban Year 2025
Indian Masterminds Stories

Gandhinagar: In a major move to strengthen urban infrastructure through capital market participation, Chief Minister Shri Bhupendra Patel formally listed ₹25 crore worth of municipal bonds issued by the Gandhinagar Municipal Corporation (GMC) on the National Stock Exchange (NSE) at GIFT City. The event featured a ceremonial bell ringing in the presence of senior dignitaries, including Gandhinagar Mayor Smt. Miraben Patel, MLA Smt. Ritaben Patel, NSE officials, and top civic representatives.

A First for Gandhinagar, A Milestone for Gujarat

With this issuance, Gandhinagar becomes the fifth city in Gujarat to float municipal bonds, joining the ranks of Ahmedabad, Surat, Vadodara, and Rajkot. It is also the first city in the state to do so within just 15 years of its municipal corporation’s establishment, setting a benchmark in civic financial innovation.

The initiative aligns with Prime Minister Shri Narendra Modi’s 2016 vision to create a vibrant municipal bond market in India—an approach now backed by SEBI regulations and central incentives to foster self-reliant, sustainable urban growth.

Urban Year 2025: A Step Toward ‘Earning Well, Living Well’

The bond listing is part of Gujarat’s broader ‘Urban Development Year 2025’ campaign, which aims to accelerate city transformation and citizen empowerment. Under the leadership of CM Bhupendra Patel, Gandhinagar’s civic body is targeting sustainable development, improved urban services, and financial self-sufficiency.

Mayor Smt. Miraben Patel highlighted that this ₹25 crore issuance will support public participation in urban infrastructure funding. She also confirmed that Gandhinagar is now eligible for an interest subsidy of ₹3.25 crore from the Government of India under its incentive scheme for early adopters of municipal bonds.

Gujarat Leads in Municipal Bond Contributions

According to Shri Sriram Krishnan, Chief Business Development Officer at NSE, 17 municipal corporations across India have issued bonds totaling ₹3,359 crore, with Gujarat accounting for ₹925 crore—or 27%—of that amount. This puts the state at the forefront of municipal bond financing in India.

Dignitaries Present at the Event

The listing ceremony was attended by-

  • Deputy Mayor Shri Natvarji Thakor
  • Standing Committee Chairman Shri Gaurang Vyas
  • City BJP President Shri Ashish Dave
  • Municipal Commissioner Shri J. N. Vaghela
  • Senior officials from NSE and GMC


Indian Masterminds Stories
ADVERTISEMENT
ADVERTISEMENT
Related Stories
ADVERTISEMENT
ADVERTISEMENT
NEWS
CMPDI_signs_MoU
CMPDI Partners with Manmukh Education Consultancy to Train 60 Underprivileged Youth as Phlebotomy Technicians in Ranchi
Abhishek Singh IAS
Proud Moment for Indian Bureaucracy: IAS Abhishek Singh Named to TIME100 AI 2025 for Leading India AI Mission
Two crossed national flags on wooden table
50% US Tariffs Impact: Govt Unveils Rs 25,000 Crore Export Support Mission, Assures Strong Backing for Exporters
IRS Officers ndian revenue Services
High Court Rejects Request of Retired IRS Officer for Additional Commissioner Pay While Serving as DR at ITAT
Madhya-Pradesh-State-IAS
Madhya Pradesh IAS Officers Must Submit Property Details by January 31 or Face Promotion Delays
IAS Anurag jain
Confirmed: Anurag Jain Gets One-Year Extension as Madhya Pradesh Chief Secretary, Ending Successor Speculation
IFS Dinesh K Patnaik
From Freeze to Thaw: Who Is IFS Dinesh K Patnaik, India’s New High Commissioner to Canada?
Bihar Government-resized-IM
Bihar Govt Approves Rs. 66.91 Crore Land Acquisition for Industrial Growth in Purnia; Major Industries to Come Up in Kenagar Block
ADVERTISEMENT
ADVERTISEMENT
Videos
WhatsApp Image 2025-08-25 at 13.56
Operation Hunt: IPS Dr. Karanraj Vaghela’s Mission to Nab Valsad’s Most Wanted
Dr
Resisted Flawed Schemes, Transferred Thrice In Three Months, Found Solace In Writing
WhatsApp Image 2025-08-11 at 4.48
IAS SVR Srinivas on Mumbai Trans Harbour Link, Tough Calls, and the Real Power of IAS Officers | Video Interview
ADVERTISEMENT
UPSC Stories
IAS Minnu P M
“Lazy, Sleepy, Yet Determined”: Minnu P M’s Honest Take on Cracking UPSC
Minnu PM, once a clerk in Kerala Police, cleared UPSC with AIR 150 after five years of struggle. Her...
IPS Ashish Tiwari
From IIT and Investment Banking to Public Service, Meet IPS Ashish Tiwari 
Ashish Tiwari, IIT graduate and former investment banker, chose public service over global finance. As...
WhatsApp Image 2025-08-12 at 7.27
First Attempt IRS, Fourth Attempt IPS: The Relentless Pursuit of Jitendra Kumar Yadav Who Cracked UPSC 3 Times
IPS Yadav is originally from Chhattisgarh. He was first selected for the IRS through UPSC and later for...
Social Media
Masahiro Hara
From Go Board to Global Use, How QR Codes Changed the World: IRAS Officer Ananth Rupanagudi Spotlights Masahiro Hara’s Vision
IRAS officer Ananth Rupanagudi shared a video on Masahiro Hara, the inventor of QR codes, highlighting...
IFS Susanta Nanda Video
A Mother’s Duty: Tigress Watches Over Cubs Splashing in Waterhole — Heartwarming Video Shared By Retd. IFS Officer Susanta Nanda
A tender wildlife video shared by Retd. IFS officer Susanta Nanda shows a tigress keeping watch over...
Mohanmala
Kaziranga Mourns: Beloved Elephant Mohanmala Passes Away After Five Decades of Service
Kaziranga National Park mourns the loss of Mohanmala, a beloved elephant who served over 50 years as...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Latest
CMPDI_signs_MoU
CMPDI Partners with Manmukh Education Consultancy to Train 60 Underprivileged Youth as Phlebotomy Technicians in Ranchi
Abhishek Singh IAS
Proud Moment for Indian Bureaucracy: IAS Abhishek Singh Named to TIME100 AI 2025 for Leading India AI Mission
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Videos
WhatsApp Image 2025-08-25 at 13.56
Dr
WhatsApp Image 2025-08-11 at 4.48
ADVERTISEMENT
ADVERTISEMENT