.png "Nashik Municipal Corporation Lists Maharashtra’s First ULB Green Municipal Bond on NSE")
- Platform: National Stock Exchange (NSE), Mumbai, making NMC the state’s first ULB to tap capital markets.
- Aim: To mobilize funds for eco‑friendly urban infrastructure projects aligned with India’s climate goals.
- Focus Areas: Renewable energy, waste management, water supply, pollution control, and climate‑resilient development.
- Significance: Boosts municipal access to sustainable finance, enhances transparency, and supports ESG‑aligned investments.
- Impact: Strengthens India’s green bond ecosystem, encouraging other ULBs to adopt similar financing models for smart, sustainable cities.
Question:
Q.1 Nashik Municipal Corporation became the first Urban Local Body (ULB) in which state to issue Green Municipal Bonds?a) Maharashtra
b) Karnataka
c) Gujarat
d) Tamil Nadu
Answer: a) The issuance made Nashik Municipal Corporation the first Urban Local Body in Maharashtra to raise funds through Green Municipal Bonds in capital markets.
