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Established In 1979 under legislation passed by the Government of Gujarat.
Objectives * Encouragement of Urban Local Bodies (ULBs) in providing civic amenities
* Bring about administrative efficiency and discipline
* Advising ULBs on augmenting financial resources through taxation
* Augmenting financial resources of ULB
* Arranging institutional finance for ULBSs
Task * Improve urban infrastructure in the state.
* Upgrade ULBs to tackle issues of 21st century
 
To check the website of GMFB please visit www.gmfb.in