Maharashtra Government to Auction ₹1,500 Crore Bonds for Development Projects

• Maharashtra government to issue ₹1,500 crore worth of bonds with 4 and 11-year maturities.
• Option to raise an additional ₹350 crore, subject to government notifications and amendments.
• Funds will finance state development programs, with central government approval under Article 293(3) of the Indian Constitution.
• Auction conducted by Reserve Bank of India, Fort, Mumbai, on February 3, 2026, via E-Kuber system.
• 10% of bonds reserved for individual/institutional investors under non-competitive bidding; eligible for SLR and re-sale.

Why It Matters: Maharashtra government is raising ₹1,500 crore through bond auctions to fund development projects.