The decision was taken at the cabinet meeting today.
The funds were received in the kharif season in 2011, rabbi in 2011-12 and kharif season in 2012, official sources said.
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The cabinet also approved setting up of an agriculture college in Nandurbar to be affiliated to Mahatma Phule Agriculture University.
There will be 60 new posts including that of 39 teaching staff created for the purpose and 80 per cent seats will be reserved for tribal students.
Similarly, the cabinet gave a go-ahead for setting up a family court in Nanded.
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