Bihar is preparing to enter the municipal bond market as Patna Municipal Corporation seeks to raise funds through the nation's first civic bond issue of the 2026-27 fiscal year.
Patna Municipal Corporation plans to raise ₹200 crore over a period of 10 years. The move marks Bihar's entry into the municipal bond market.
Brihanmumbai Municipal Corporation is nearing the finalization of merchant bankers for its own ₹1,000 crore fundraising this fiscal year. Ahmedabad Municipal Corporation is also in discussions to secure a similar amount.
These efforts reflect growing interest among Indian civic bodies in accessing capital markets for infrastructure and development projects.
