Maharashtra Approves Rs 2,000 Crore HUDCO Loan To Fast-Track Urban Infrastructure; Major Allocations For Chhatrapati Sambhajinagar, Nagpur

In a significant push to strengthen civic infrastructure, the Maharashtra Cabinet on Tuesday (9 September) approved borrowing of Rs 2,000 crore from the Housing and Urban Development Corporation (HUDCO) under the Urban Infrastructure Development Loan Scheme.

The decision, taken at a meeting chaired by Chief Minister Devendra Fadnavis, is aimed at ensuring that ongoing and planned projects across key municipal corporations face no funding delays.

Of the sanctioned amount, the Chhatrapati Sambhajinagar Municipal Corporation will receive Rs 822 crore for its water supply scheme, the Nagpur Metropolitan Region Development Authority will secure Rs 268 crore for four sewage projects, and the Mira Bhayandar Municipal Corporation will be allotted Rs 116 crore for a major water supply project.

Officials emphasised that the step was crucial to bridge resource gaps while implementing centrally and state-sponsored missions, including AMRUT 2.0, Swachh Bharat Mission 2.0, and the Maharashtra Suvarna Jayanti Nagarotthan Mahaabhiyan.

These programmes are already underway in several municipal areas, focusing on modernising essential services such as sanitation, water supply, and urban renewal.

By leveraging HUDCO’s funding support, the state hopes to accelerate progress on critical projects while enabling civic bodies to mobilise their own funds.

The approved borrowing marks the first phase, with more municipalities expected to be included under the scheme as implementation expands.

The government stated that the scheme would not only help avoid cost overruns due to delays but also ensure timely completion of projects that directly impact urban residents.

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