Facing cash crunch, BMC set to go cashless - East West North South News

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Thursday, March 18, 2021

Facing cash crunch, BMC set to go cashless

Facing a massive funds crunch after a year oif Covud, the BMC has decided to go cashless for its Rs 8,800 crore housing plan for project-affected persons (PAPs). For the first time, the BMC will give out credit notes instead of money to contractors who will construct 12,000 housing units for PAPs.

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