Which of the following states successfully undertaken “Urban Local Bodies (ULB)” reforms stipulated by the Department of Expenditure, Ministry of Finance?

Answer & Explanation

Option: Manipur

Explanation:

Manipur has become the 4th state in the country to successfully undertake Urban Local Bodies, ULB reforms stipulated by the Department of Expenditure, Ministry of Finance. The state has become eligible to mobilise additional financial resources of 75 crore rupees through Open Market Borrowings.