Green Municipal Bonds

On 29th April 2025, Ghaziabad Nagar Nigam (GNN) made a landmark achievement by issuing Certified Green Municipal Bond under the Swachh Bharat Mission-Urban, raising Rs. 150 crore to fund a Tertiary Sewage Treatment Plant (TSTP).

  • It aims to transform wastewater into a valuable resource for industrial use, promoting sustainable water management in the city.
  • Vadodara Municipal Corporation made history in February 2024 by issuing Asia's first certified green municipal bond, raising Rs. 100 crore for sustainable water infrastructure
  • The Bengaluru municipal corporation was the first to float municipal bonds in the country, followed a year later by Ahmedabad in 1998.

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