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Covid-19 impact: Maharashtra to raise Rs. 1,000 crore via bonds

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MUMBAI : In a bid to start reviving the state’s economy, which has been badly hurt due to the lockdown induced by covid-19 pandemic, on Friday, Maharashtra government said it has issued bonds worth Rs.1,000 crore under 'Maharashtra State Development Loan 2023'.The government said an auction will be held on 23 June by the Reserve Bank of India (RBI) for the sale of the bonds.The term of the bond will be 3 years, starting from 24 June, 2020.

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