VARANASI, July 18 -- : Power Finance Corporation Limited (PFC) and Varanasi Smart City Limited on Friday signed a Memorandum of Understanding (MoU) to rejuvenate and develop ponds, kunds (water reservoirs) and community wells in Varanasi under PFC's Corporate Social Responsibility (CSR) initiative at an estimated cost of Rs.58 crore.

The MoU was signed at the Rudraksh International Cooperation and Convention Centre to support sustainable development and environmental conservation.

Mayor Ashok Tiwari said Kashi's historic ponds, kunds and wells are central to the city's identity. He said their restoration would protect the environment, preserve the city's cultural heritage and benefit residents as well as tourists.

PFC chairperson and m...