NMC's Amnesty Scheme Nets Rs 18.63 Crore in a Month
ECONOMY & POLICY

NMC's Amnesty Scheme Nets Rs 18.63 Crore in a Month

The Nagpur Municipal Corporation (NMC) has successfully collected Rs 18.63 crore through its ongoing amnesty scheme. This initiative, aimed at property tax defaulters, has seen participation from over 25,000 property owners within just one month.

The scheme, which will continue until March 31, 2024, was approved by Deputy Chief Minister Devendra Fadnavis. It offers an 80% waiver on penalties for those who pay their dues in full. The NMC has already waived off Rs 4.63 crore in penalties under this scheme.

The amnesty scheme, known as 'Abhay Yojana', applies to unpaid property tax, water tax, and rent on market department shops. Deputy Municipal Commissioner Milind Meshram highlighted that the scheme provides a significant discount on penalty charges for outstanding dues if paid before the deadline.

The maximum beneficiaries were from the Nehru Nagar zone, contributing Rs 2.23 crore, followed by Laxmi Nagar and Ashi Nagar zones, contributing ?2.92 crore and Rs.2.79 crore, respectively. This scheme is a crucial step for the NMC in addressing the issue of tax defaults and enhancing its financial health.

The Nagpur Municipal Corporation (NMC) has successfully collected Rs 18.63 crore through its ongoing amnesty scheme. This initiative, aimed at property tax defaulters, has seen participation from over 25,000 property owners within just one month. The scheme, which will continue until March 31, 2024, was approved by Deputy Chief Minister Devendra Fadnavis. It offers an 80% waiver on penalties for those who pay their dues in full. The NMC has already waived off Rs 4.63 crore in penalties under this scheme. The amnesty scheme, known as 'Abhay Yojana', applies to unpaid property tax, water tax, and rent on market department shops. Deputy Municipal Commissioner Milind Meshram highlighted that the scheme provides a significant discount on penalty charges for outstanding dues if paid before the deadline. The maximum beneficiaries were from the Nehru Nagar zone, contributing Rs 2.23 crore, followed by Laxmi Nagar and Ashi Nagar zones, contributing ?2.92 crore and Rs.2.79 crore, respectively. This scheme is a crucial step for the NMC in addressing the issue of tax defaults and enhancing its financial health.

Next Story
Real Estate

AIDO Launches Smart Hotel Lock for Hospitality Spaces

AIDO, an endorsed brand of dormakaba, has launched the AIDO Hotel Lock, designed to improve secure and seamless access management across hotels, serviced residences and institutional spaces. The solution combines smart security, operational efficiency and contemporary design to support modern hospitality requirements.The lock features integrated electronic mortise functionality, reverse lifting handle locking and compatibility with third-party property management system platforms, enabling smoother room access and check-in operations. Powered by 6V DC with four AA alkaline batteries, it offers..

Next Story
Real Estate

Häfele Unveils Zenith Digital Lock

Häfele has introduced the Zenith Digital Lock, designed to enhance home security through smart technologies and versatile locking functions. Finished in Black and Grey, the lock blends with modern interiors while offering a refined, tech-enabled access experience.The lock features Smart Password technology for secure access and added protection against password tracing. Its Smart Voice function provides guided assistance for easy operation, while Smart Freeze temporarily disables access after multiple incorrect attempts, strengthening safety and control.The Zenith Digital Lock also offers mul..

Next Story
Infrastructure Urban

KBL Revenue Rises 11 Per Cent in Q4 FY26

Kirloskar Brothers Limited reported consolidated revenue from operations of Rs 14.15 billion for Q4 FY26, compared to Rs 12.81 billion in Q4 FY25, registering around 11 per cent year-on-year growth. Consolidated Profit Before Tax stood at Rs 1.47 billion, against Rs 1.27 billion in the corresponding quarter last year. Profit After Tax stood at Rs 1.04 billion, compared to Rs 1.12 billion in Q4 FY25.For FY26, consolidated revenue from operations stood at Rs 45.38 billion, compared to Rs 44.92 billion in FY25. Consolidated Profit After Tax for the year was Rs 3.61 billion, against Rs 4.03 billio..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

-->