Thane: Bhiwandi Nizampur Municipal Corporation Sets Record With ₹23.67 Crore Property Tax Recovery In Just 24 Days
Bhiwandi Nizampur Municipal Corporation (BNMC) achieved a record property tax recovery of ₹23.67 crore in just 24 days under the Abhay amnesty scheme, encouraging 14,578 property owners to clear dues with a 100% interest waiver. Between April and November, BNMC collected ₹52.95 crore, nearly double last year’s amount. From December, a 75% interest waiver is offered to defaulters.
Thane: Bhiwandi Nizampur Municipal Corporation Sets Record With ₹23.67 Crore Property Tax Recovery In Just 24 Days | File Pic (Representative Image)
Bhiwandi: The Bhiwandi Nizampur Municipal Corporation (BNMC) has achieved a record property tax recovery of Rs 23.67 crore in just 24 days, thanks to the Abhay amnesty scheme. This is the highest short-term recovery in the civic body’s history.
Between April 1 and November 30, the BNMC collected Rs 52.95 crore compared to Rs 27.80 crore collected during the same period last year; a figure that included three rounds of 100% interest waiver.
About The Abhay Amnesty Scheme
The Abhay Scheme was introduced for the period of November 7-30, during which the civic body recovered Rs 23.67 crore. Under the scheme, taxpayers clearing dues received a 100% waiver on interest, encouraging 14,578 property owners to settle their arrears.
From December 1, defaulters are being offered a 75% interest waiver, under which daily collections of nearly Rs 20 lakh are being reported.
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