GBA nudge to corporations to transfer funds raised through municipal bonds to BSMILE, opposed

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While the GBA is a pan city body, the five corporations are autonomous bodies and cannot be forced to part with their funds. | Photo Credit: SUDHAKARA JAIN

In a bid to mobilise more funds for projects to be taken up by Bengaluru Smart Infrastructure Limited (B-SMILE), an SPV formed to spearhead bigticket projects, the Greater Bengaluru Authority (GBA) is planning to tap into funds raised by the five city corporations through municipal bonds- ₹200 crore each, totalling to ₹1,000 crore.

However, multiple corporations are resisting the proposal, arguing they had already given enough funds to the B-SMILE and have cited better uses for the funds raised through municipal bonds elsewhere.

Published - April 04, 2026 07:32 pm IST

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