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Nabard sanctions Rs 1,098-cr loan to Rajasthan

So far, NABARD has sanctioned about Rs 1,833 crore for infrastructure development in the state for the current year

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The National Bank for Agriculture and Rural Development (NABARD) has sanctioned a loan of Rs 1,098 crore to the government for development of rural roads, Chambal Canal project and greening of the state through initiatives of the forest department.

"The cumulative sanctions under Rural Development Fund (RIFD) for the current financial year have reached Rs 1,518 crore with the recent sanction," Chief General Manager (Rajasthan) J Mammen said here today.

He said in addition to this, another Rs 315.50 crore has been sanctioned for two major roads Alwar Behror-Narnol Road and Jaipur-Nagaur from an exclusive fund created by NABARD called NABARD Infrastructure Development Assistance (NIDA).

With this, NABARD has sanctioned about Rs 1,833 crore for infrastructure development in the state for the current year, said an official statement.

Under these, an amount of Rs 829.58 crore has been sanctioned for various rural road projects, it said.

Project with financial outlay of Rs 600 crore envisages the development of 1,337 link roads in various districts covering a total length of 2,127.49 km.

The proposed roads will have an average length of 1.5-2km and connect villages with population up to 250 to bigger centres.

The other project with financial outlay of Rs 229.41 crore envisages the widening and strengthening of 71 major district roads (MDRs) covering a total length of 793.72 km, the statement said.

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