Summary:
Utilisation of bank loan:The Standing Committee committee also changed the criteria to use loan of Rs 200 crore obtained from Bank of Maharashtra. Earlier, the civic body had decided to spend Rs 128 crore on cement road project and Rs 72 crore on AMRUT scheme. In current financial year, NMC has issued demands worth of Rs 500 crore including Rs 276 crore of current demands and Rs 273 crore of arrears. The civic body has proposed to harness 42 MW of solar panels on deferred payment basis. Before the assessment work was undertaken by Cybertech and Anant Technologies, the civic body had posted yearly demand of Rs 165 crore only..