Archive · 5 Sep 2025
Indore Municipal Corporation Secures ₹1,700 Crore Loan for Projects
Imagine the city of Indore wants to build some important things like new buildings and better water systems.
They needed a lot of money, so they asked for a loan.
The city got a big loan of 1,700 crore rupees from a company called IFC.
This money will help build things like new buildings and improve the water supply.
The city is very proud because they got this loan without having to promise anything in return.
The loan will also help improve water supply for the city until 2055.
This is a big step for the city's future, and the people in charge are excited to see all the new projects get built.
Indore Municipal Corporation (IMC) signed a ₹1,700 crore loan MoU with the International Finance Corporation (IFC).
The loan will fund projects including the AMRUT scheme, a new municipal headquarters, and infrastructure improvements.
₹1,200 crore is allocated for the AMRUT project, with ₹500 crore for other projects.
The loan was secured without any collateral, based on IMC's credibility.
The Narmada Water Project's fourth phase aims to meet Indore's water needs until 2045, ensuring supply until 2055.
- Who
- Indore Municipal Corporation (IMC) and International Finance Corporation (IFC)
- What
- IMC signed a loan MoU with IFC to fund infrastructure projects.
- When
- Thursday
- Where
- Indore, Madhya Pradesh
- Why
- To fund key projects like the AMRUT scheme, new municipal headquarters, bridge, and workshop.
- Loan Amount
- ₹1,700 crore
- Lender
- International Finance Corporation (IFC)
- Projects Supported
- AMRUT scheme, new municipal headquarters, Chandan Nagar Bridge, municipal workshop
- AMRUT Project Funding
- ₹1,200 crore
- Other Projects Funding
- ₹500 crore
- Loan Security
- No collateral