The Delhi government has signed a historic memorandum of understanding (MoU) with the Reserve Bank of India (RBI) to support infrastructure development and the rejuvenation of the Yamuna river.

Under the agreement, the RBI will act as the banker, debt manager, and financial agent for the state government, facilitating market borrowing through State Development Loans, professional cash management, automatic investment of surplus funds, and access to low-cost liquidity. Delhi Chief Minister Rekha Gupta emphasised that all funds raised through market borrowings will be used exclusively for capital expenditure, prioritizing sectors such as Yamuna rejuvenation, drinking water supply, health infrastructure, public transport, roads, and flyovers. The MoU was signed at the Delhi Secretariat in the presence of senior officials from both the Delhi government and RBI.

This collaboration aims to strengthen the city’s financial management while ensuring timely and efficient execution of key development projects, enhancing urban infrastructure, and improving public services. The initiative marks a significant step in financial reform and sustainable urban planning for Delhi.