Municipal Corporation of Delhi (MCD) has reported an increase in revenue of Rs 1,650 crores in 2022-23 as compared to the financial year 2021-2022, as per an official statement issued by the office of Lieutenant Governor Delhi. MCD’s revenue jumped to Rs 8900 Cr in 2022-23, up by Rs 1650.75 Cr from Rs 7249.25 Cr in FY 2021-22, the statement added. It revealed that the major chunk of revenue came from the SAMRIDDHI Scheme launched by the Delhi LG on 26.10.2022.
Delhi LG Congratulates the MCD
Delhi LG VK Saxena congratulated the MCD for the successful execution of the SAMRIDDHI 2022-23 Scheme. He said that it led to a windfall gain of Rs 654.51 CR to the Corporation. He exuded confidence that this rebound on the part of the Corporation will ensure MCD’s self-sustainability in the future.
“While the receipts of the previous financial are yet coming in and being reconciled, the tentative receipts for FY 2022-23 stood at Rs 8900 Cr up by Rs 1650.75 Cr from Rs 7249.25 Cr. in FY 2021-22,” the press release said.
“SAMRIDDHI launched in October last year was an Amnesty Scheme with a window of four months till 31.03.2023 that entailed people availing of ‘ONE PLUS FIVE’ and ‘ONE PLUS SIX’ components for residential and non-residential properties respectively. People could self-assess and pay the principal amount of the current and pending 5/6 years and get a waiver on all past pending dues including penalties and interest, as per the Scheme,” it mentioned.
Jump in property tax
The property tax, too, saw a significant jump with an increase of Rs 394.68 Cr to Rs 2409.51 Cr.
“Property tax which stood at Rs 2014.68 Cr in 2021-22 jumped tentatively by Rs 394.68 Cr. to Rs 2409.51 Cr in 2022-23. Revenue from advertisements that stood at Rs.128.40 Cr. in 2021-22 registered a jump of 75.77 per cent and stood at Rs 225.69 Cr in 2022-23,” the press release mentioned.
“Revenue from parking jumped from Rs 140.39 Cr. in 2021-22 to Rs 186.82 Cr. registering an increase of 33.07 per cent in 2022-23. Conversion charges that stood at Rs 255.31 Cr. in 2021-22 jumped 61.95 per cent to Rs 413.47 Cr. in 2022-23. Toll tax that stood at Rs 570.95 Cr. in 2021-22 registered a jump of 40.36 per cent at Rs 801.40 Cr in 2022-23, exceeding the set target of Rs 786 Cr. even at the tentative stage,” it added.
Licenses, additional FAR charges, C&D Waste, and transfer duty are other departments that helped in the gain in revenue.
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