G.O.(Ms) No.169, SUIDF Loan for 93 Town Panchayat Water Supply Projects, 2022
The Tamil Nadu Municipal Administration and Water Supply (MA2) Department issued G.O.(Ms) No.169 on 7 December 2022, permitting a loan of Rs.153.17 crore from the State Urban Infrastructure Development Fund for 93 Town Panchayat water supply projects under the Atal Mission for Rejuvenation and Urban Transformation 2.0. The loan covers 50 percent of the Urban Local Bodies' share and carries interest at 4 percent per annum with a repayment period of 10 years.
Purpose and scope
The Tamil Nadu Municipal Administration and Water Supply (MA2) Department issued G.O.(Ms) No.169 on 7 December 2022 to approve infrastructure financing for 93 water supply projects in various Town Panchayats. The projects had already received administrative sanction under the Atal Mission for Rejuvenation and Urban Transformation 2.0.
The document also records that the former Metropolitan Infrastructure Development Fund was expanded to finance infrastructure requirements of all Urban Local Bodies in Tamil Nadu through soft loans. The fund was renamed the State Urban Infrastructure Development Fund, and its State Level Sanctioning Committee was restructured.
Funding approved
G.O.(Ms) No.169 permits a loan of Rs.153.17 crore from the State Urban Infrastructure Development Fund. The main funding figures are:
- Total approved cost for 93 projects: Rs.1,534.69 crore.
- Government of India share: Rs.767.56 crore.
- Government of Tamil Nadu share: Rs.460.44 crore.
- Total Urban Local Bodies' share: Rs.306.69 crore.
- KNMT share: Rs.153.52 crore.
- State Urban Infrastructure Development Fund share: Rs.153.17 crore.
- Interest rate on the loan: 4 percent per annum.
- Repayment period: 10 years.
The State Urban Infrastructure Development Fund loan represents 50 percent of the Urban Local Bodies' share. Funding remains subject to the conditions in the appraisal report for each project.
Projects and authorities affected
G.O.(Ms) No.169 applies to 93 water supply improvement, distribution and revamping projects in Town Panchayats. The supplied annexure includes projects in places such as Krishnarayapuram, Palacode, Thiruvaiyaru, Gangavalli, Sithayankottai, Pallikonda, Odugathur, Vilapakkam, Gingee and Kaveripattinam.
The approval directly concerns the participating Town Panchayats, the Director of Town Panchayats, and the Tamil Nadu Urban Finance and Infrastructure Development Corporation Limited. The State Level Sanctioning Committee approved the loan proposal at its second meeting held on 13 October 2022.
Relevance to property owners and buyers
G.O.(Ms) No.169 is an infrastructure funding approval. It does not contain provisions changing land ownership, property registration, land classification or development rights. A buyer or owner may use it only to identify whether a listed Town Panchayat has an approved water supply project and how that project is financed.
This summary is generated from the source document to help you find what is relevant. The PDF above is authoritative. For advice on your own property, use LandLens One or speak to a qualified professional.
Common questions
Does G.O.(Ms) No.169 change my land ownership or property rights?
No land ownership, registration, classification or development right is changed in the supplied text. The document approves loan funding for Town Panchayat water supply projects.
How much loan funding was approved for the water supply projects?
The Tamil Nadu Municipal Administration and Water Supply (MA2) Department approved Rs.153.17 crore from the State Urban Infrastructure Development Fund for 93 projects.
What are the interest rate and repayment period?
The loan carries interest at 4 percent per annum and has a repayment period of 10 years.
Does the funding apply to every Urban Local Body in Tamil Nadu?
The fund can finance infrastructure requirements of all Urban Local Bodies, but this approval specifically covers 93 water supply projects in various Town Panchayats under the Atal Mission for Rejuvenation and Urban Transformation 2.0.
