Restructuring Bank Guarantee Norms
On May 13, 2025, MPCB under Siddhesh Kadam’s revised bank guarantee requirements for Urban Local Bodies (ULBs) and CIDCO-linked STPs. The updated structure aligns financial guarantees with consent conditions, ensuring that polluting entities can be financially held accountable for non-compliance.
This initiative reflects Mr. Kadam’s systematic approach to environmental assurance. It transforms the bank guarantee mechanism into more than a formality, a deterrent, a safeguard, and a built-in environmental accountability check.