In an attempt to accelerate the pace of development in Uttar Pradesh, Chief Minister Yogi Adityanath on Wednesday scripted history Lucknow Municipal Corporation bonds were listed on the Mumbai Stock Exchange Lucknow Municipal Corporation became the first municipal corporation in North India to issue LMC bonds, and Yogi Adityanath became the first Chief Minister of Uttar Pradesh to have a stock exchange in Mumbai.

The funds raised through the bonds will be invested in infrastructure projects in Lucknow In the first week of November, the Lucknow Municipal Corporation raised ₹200 crore by issuing municipal bonds through the BSE Bonds platform Investors in Lucknow Municipal Corporation bonds will earn an annual interest of 8 50% and have a tenor of 10 years.

Chief Minister Yogi Adityanath described the initiative as the first of its kind by a municipal corporation in North India The Chief Minister said that in terms of population, the largest state of Uttar Pradesh and the third largest economy, Uttar Pradesh is constantly working towards improving the quality of life of its citizens, providing them all the facilities necessary for their development.

In the latest ranking of Ease of Business Doing, Uttar Pradesh has outperformed its previous year's performance and secured the second position This ranking is a testimony to the confidence of investors, entrepreneurs and industry His speech is an axis to realize the resolve of'Self-Reliant India'under the leadership of Prime Minister Narendra Modi.

On Wednesday, at the'Ringing Bell Ceremony'held at Heritage Hall, BSE, the Chief Minister issued Municipal Bonds of Lucknow Municipal Corporation in keeping with the tradition Chief Minister Yogi said on the occasion that in this time of Corona, the listing of Municipal Bonds worth Rs 200 crore by Lucknow Municipal Corporation is a step towards achieving the goal of self-reliance.

This effort of the corporation will not only meet the financial needs of providing better infrastructural facilities to the residents of Lucknow but will also inspire other municipal corporations of Uttar Pradesh to work in this direction.

In the presence of all entrepreneurs, investors, BSE officials and many dignitaries, Chief Minister Yogi said that after Lucknow, now the Ghaziabad Municipal Corporation will also list its municipal bond in the initial stage Yogi said that this bond was oversubscribed due to the interest of investors It is a great result to get four and a half times more than the subscription.

This will inspire us to do better work.

Yogi Adityanath said that we are encouraging MSME units to list on NSE and BSE So far 15 units have listed on BSE and taken steps to meet their financial needs On the special occasion, the Chief Minister said that the policies of the Uttar Pradesh government are investment-oriented We are constantly making efforts for the simplicity and ease of investors.

The needs and expectations of investors are being properly addressed in recent times through the single window system Yogi said that the UP Investors Summit has received unprecedented support from the UP industry These efforts will continue Now a defence corridor is being established in Uttar Pradesh, which will be able to make the country a global hub in the field of defence manufacturing.