The Maharashtra cabinet has approved raising Rs 20 billion from the Housing and Urban Development Corporation (HUDCO) under the Urban Infrastructure Development Loan Scheme. The funds will provide financial support to municipal bodies for ongoing urban infrastructure projects.

Of the sanctioned amount, Chhatrapati Sambhajinagar Municipal Corporation will receive Rs 8.22 billion for a water supply project. The Nagpur Metropolitan Region Development Authority has been allotted Rs 2.68 billion for four sewage treatment plants. Mira-Bhayandar Municipal Corporation will get Rs 1.16 billion for a water supply project.

The loan aims to ensure the continuity of projects under central and state programmes such as AMRUT 2.0, Swachh Bharat Mission 2.0, and the Maharashtra Suvarna Jayanti Nagarothhan Maha Abhiyan. Officials said the move will prevent delays caused by funding shortages.

The cabinet also sanctioned repairs for two ageing irrigation projects in Akola district’s Murtizapur taluka. The Ghongha micro-irrigation project, built in 1986, has been approved Rs 40.76 million for works that will expand storage by 35,000 cubic metres and create irrigation potential for 45 hectares.

The Kanadi micro-irrigation project, built in 1977, will undergo repairs worth Rs 40.92 million, adding 38,000 cubic metres of storage and extending irrigation to 46 hectares.

Additionally, four hectares of government grazing land at Asudgaon in Panvel taluka, Raigad district, have been allotted to the Subsidiary Intelligence Bureau (SIB) under the Union Home Ministry. The land, to be transferred at 50 per cent of the ready reckoner rate under Occupant Class-2, will be used for residential quarters for the agency’s Mumbai division staff.

On September 10, 2025, at 9:55 AM, HUDCO shares were trading at Rs 217.90, up 0.95 per cent from the previous close.

News source: Angel One