India, March 6 -- Five corporations under the Greater Bengaluru Authority will be allowed to raise funds through municipal bonds to support infrastructure projects in Bengaluru, Karnataka chief minister Siddaramaiah said in his 2026-27 budget speech on Friday. Siddaramaiah said the corporations, which were formed after the restructuring of the Bruhat Bengaluru Mahanagara Palike, would mobilise resources based on their financial capacity.

Siddaramaiah noted that financial support for Bengaluru increased significantly in the previous financial year. "In the year 2025-26, the state government increased the grant for development of Bengaluru from Rs.3,000 crore to Rs.7,000 crore. This grant will be continued in the current year as well."

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