Provide credit enhancements for civic bodies: Sebi ED Rao to NaBFID

The Securities and Exchange Board of India (SEBI) has urged the National Bank for Agriculture and Rural Development (NABARD) to provide credit enhancements for civic bodies. This initiative aims to improve the financial stability of municipal corporations and other local government entities by enhancing their creditworthiness. Credit enhancements could include guarantees, insurance, or other forms of financial support that make it easier for civic bodies to access funding and manage their financial obligations. The move is intended to support infrastructure development and service delivery at the local level by providing these bodies with better financial resources and stability. This approach reflects a broader effort to strengthen public sector finances and improve service delivery in urban areas.