The Maharashtra Government will be the guarantor for a Rs 10,000-crore loan advanced by the Power Finance Corporation Ltd (PFCL) for infrastructure development projects in the Mumbai Metropolitan Region (MMR), officials said on Wednesday.

According to news agency PTI, a Government Resolution (GR) order issued by the state finance department said the cabinet had approved the loan to be taken on government guarantee for 2024-25. As financial year 2024-25 is over, a fresh guarantee was being given subject to another cabinet approval.