What are municipal bonds?

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Direct Answer

Municipal bonds are debt securities issued by local government bodies or municipalities to fund daily obligations and finance capital projects such as building schools, highways, or sewer systems

The Budget 2026-27 Municipal Bond Matrix:

Financial Instrument	Minimum Issuance Size Required	Government Incentive Offered
Municipal Bonds	Strictly > ₹1,000 Crore	Flat ₹100 Crore

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