The National Bank for Agriculture and Rural Development (Nabard) has sanctioned a loan to the tune of Rs 206.01 crore to the Andhra Pradesh government under the Rural Infrastructure Development Fund (RIDF), making the current year's total sanctions to Rs 1,315.23 crore.
With this, the total cumulative sanctions under various tranches of RIDF to Andhra Pradesh stands at Rs 10,609.05 crore, against which the state government could utilise R 6,825.97 crore only up to January 2009.
In a press statement on Thursday, Nabard said it had sanctioned 84 rural road projects for a length of 422.01 kilometre and 15 rural bridge projects spanning 1,508.38 metre in 19 districts of Andhra Pradesh.
These projects, to be implemented by the roads and buildings department of the state government, would benefit 2.45 million population in 582 villages and provide access to 207 marketing centres and mandal headquarters. The works are expected to create 2.99 million mandays of non-recurring employment in rural areas, the release added.
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