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The MUIDCL has the mandate to help Urban Local Bodies (ULBs) and other
Project Implementing Agencies (PIAs) in improving urban and
environmental infrastructure (which includes water supply, sewerage and
sanitation, solid waste management, solid and liquid waste and effluent
treatment plants, roads, bridges, flyovers, by-passes, storm water
drainage, street lighting, traffic and transportation systems, area
development, public markets, slum improvement, health and education,
sports and recreation, fire fighting, , energy saving in urban
infrastructure projects, projects under Clean Development Mechanism
etc.) by utilizing the following:-
Under the PDF Scheme, the MUIDCL would help the agencies in the
following tasks :
In cases, where the MUIDCL develops projects or helps agencies in
obtaining finance, the costs incurred on these activities are to be
recovered from the concerned agency along with a success fee as a
proportion of project development cost to be decided based on the nature
of the project, subject to a ceiling of 25% of the project development
cost. The interest-free or soft loans provided for project development
are also to be recovered from the Agency as per the tenor and rate of
interest decided by the MUIDCL in the light of the financial condition
of the Agency as assessed by the MUIDCL. In case of default in the
repayment towards the project development cost or success fee or towards
repayment of loan and interest, the MUIDCL would request the State Govt.
to intercept the grants payable by the Govt. to the concerned Agency.
Under the PFF Scheme, the MUIDCL would borrow and lend funds for
priority urban infrastructure projects to the agencies, which find it
difficult to directly raise funds from the financial institutions or
capital market. The MUIDCL would assist the Agencies under this Scheme
as follows :
The amount of loan assistance will depend on the extent of funding
admissible to the project from other sources, including grant from the
Government under any Scheme or Programme, and would be subject to the
funding pattern of the Scheme or Programme. The interest rates on the
loans offered would vary depending on the Class of the Municipal
Councils and the Municipal Corporations, the nature and priority of the
projects and also on the cost and tenure of borrowing by the MUIDCL.
A tripartite loan agreement between the MUIDCL, the Borrowing Agency and
the State Government will be executed. The loan, along with interest,
processing fee, commitment charges and delayed payment charges, if any,
would be recovered as per the terms of the Tripartite Agreement. In case
of default in the repayment of loan, interest or any other dues, the
MUIDCL would request the State Govt. to intercept the grants payable by
the Govt. to the concerned Agency.
The Loan Application Form can be downloaded from the MUIDCL website -
Under the DSRF Scheme, the MUIDCL would provide guarantees for loans in
the following manner :
In cases, where the MUIDCL provides guarantees, a fixed fee in proportion to the debt guaranteed will be charged. In case of invoking of guarantee and related payment, such amount paid will be recovered along with interest. In case of default in the payment towards such guarantee payments made by the MUIDCL and the guarantee fee, the MUIDCL would request the State Govt. to intercept the grants payable by the Govt. to the concerned Agency.
Thus MUIDCL is positioned to facilitate the entire process from identification of priority projects to their preparation, funding and execution.
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