Webinar on Municipal Green Bonds – Learnings from the Pimpri Chinchwad Municipal Corporation (PCMC)

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Government of India

Webinar on Municipal Green Bonds – Learnings from the Pimpri Chinchwad Municipal Corporation (PCMC)

February 13, 2026

About the Event

On 13 February 2026, the River Cities Alliance (RCA) organised a webinar titled Municipal Green Bonds – Learnings from the Pimpri Chinchwad Municipal Corporation (PCMC) as part of its knowledge series. The session highlighted how green municipal bonds can enable Urban Local Bodies (ULBs) to access capital at competitive costs while advancing sustainability and climate-responsive urban development.

The webinar showcased the pioneering case of the Pimpri Chinchwad Municipal Corporation (PCMC), Maharashtra’s first municipal green bond issuance, which raised ₹200 crore in June 2025. The expert speaker, Mr. Bapusaheb Gaikwad, Joint City Engineer, PCMC, shared insights into the design, issuance, and utilisation of the green bond proceeds, which were directed towards sustainable and active urban mobility projects, including public transport improvements and non-motorised transport infrastructure such as Harit Setu and Telco Road Development.

The session, attended by 65 participants from diverse sectors, covered key aspects of financial structuring, governance mechanisms, and replicable practices for cities exploring green financing. It also highlighted how the bond issuance was aligned with PCMC’s broader sustainability strategy, strengthened internal financial systems, improved transparency, and reinforced fiscal discipline. PCMC’s strong credit rating (AA+) further enhanced investor confidence and enabled favourable borrowing terms.

The discussion underscored several key learnings, including the importance of integrating financial innovation with long-term city planning, ensuring regulatory compliance, securing political and institutional buy-in, and investing in capacity building for municipal staff. Overall, the webinar demonstrated that with strong institutional commitment, green municipal bonds can serve as a viable and scalable instrument for financing sustainable urban infrastructure in India.