Paper Contents
Abstract
India has undergone significant urbanization in the past two decades. Municipal Corporations play a crucial role in enhancing the welfare of the populace by delivering civil services and amenities in both urban and rural regions. The 73rd and 74th Amendment Acts of 1992 have endowed these corporations with additional functions, powers, and resources, establishing a three-tier system of governance that facilitates the effective provision of services within this hierarchy. The functions and responsibilities of Municipal Corporations have expanded significantly in recent times; however, the sources of funding have not increased correspondingly. As a result, many Municipal Corporations are experiencing financial difficulties. These entities can contribute substantially to the nation's empowerment by effectively utilizing local financial resources. The process of local finance utilization involves generating sufficient revenue and optimally allocating funds to ensure the provision of essential services to the community. This research study presents several limitations. It is fundamentally preliminary and focuses solely on the current state of financial management within municipalities. Although the scope of this research is extensive, various constraints such as time, resources, and data have necessitated a concentrated effort to examine the financial management systems in place in municipalities. To achieve this, the researcher has extensively utilized previous detailed reviews and studies concerning the funds management of 2 municipal corporations.
Copyright
Copyright © 2025 Bharath.S. This is an open access article distributed under the Creative Commons Attribution License.
