The Municipal Corporation of Greater Mumbai (MCGM) is mulling raising funds to the tune of Rs 2,000 crore as India's richest civic body struggles to overcome a financial crunch created by a projected shortfall in revenue collection and massive expenditure on projects.

"MCGM is exploring ways to raise around Rs 2,000 crore through internal loans and also by ways of bonds and fixed deposits lying with the banks," Municipal Commissioner Swadheen Kshatriya told PTI.