Varanasi To Raise Fund Through Municipal Bonds; Invest on Infrastructure

Varanasi is all set to become the second city in Uttar Pradesh to raise fund through the municipal bonds. In order to make Varanasi self-reliant, the civic body has been given a target of accumulating Rs 200 crore through these bonds. The funds solicited from the bonds will be invested in numerous infrastructure and development schemes, said the state government. The decision is presumed to improve the image of the civic body in public.