Archive · 27 Oct 2025
PCMC Debt: Fact vs. Rumor After IAS Shekhar Singh Transfer
When the person in charge of Pimpri-Chinchwad city, IAS Shekhar Singh, was moved to a new job, some people started rumors that the city had a lot of debt.
People on social media and politicians discussed this alleged debt.
But, the city government said the debt wasn't as big as people thought.
They have taken loans for things like a flyover, improving the Mula River, and making the streets nicer.
The city is paying back the loans and has a good credit rating, meaning it's financially healthy.
IAS Shekhar Singh was transferred from PCMC to oversee the Nashik Kumbh Mela.
Rumors and allegations of massive debt at PCMC arose after Singh's departure.
PCMC clarified the total loan amount is ₹559.91 crore.
Loans were taken for projects like a double-decker flyover and river improvement.
The PCMC has an AA+ credit rating and is repaying loans regularly.
- Who
- IAS Shekhar Singh and PCMC
- What
- Debate over the PCMC's debt following Singh's transfer.
- When
- Transfer announced on October 8th.
- Where
- Pimpri-Chinchwad (PCMC), India
- Why
- Political allegations and social media speculation arose regarding PCMC's debt.
- Outgoing Official
- IAS Shekhar Singh
- New Post for Singh
- Commissioner of Nashik Kumbh Mela
- Total Loan Amount (PCMC)
- ₹559.91 crore
- PCMC Credit Rating
- AA+ (stable)
- Flyover Loan Amount
- ₹159.91 crore
- Flyover Loan Tenure
- 30 years
- Flyover Repaid Amount
- ₹91.90 crore
- Mula River Project Loan
- ₹200 crore
- Urban Street Project Loan
- ₹200 crore