NABARD sanctions over Rs 334 cr to Bengal projects in August

Image
IANS Kolkata
Last Updated : Sep 04 2018 | 12:05 PM IST

The National Bank for Agriculture and Rural Development (NABARD) on Tuesday said it has sanctioned Rs 334.75 crore in August, under the Rural Infrastructure Development Fund (RIDF), to West Bengal for 158 minor irrigation and 23 flood protection projects.

The projects were expected to benefit 20,506 hectare covering 3.09 lakh population in 699 villages of the 22 districts while the flood protection projects would address the problem of rapid bank erosion caused by rivers, according to a statement.

The developmental bank said the implementation of 23 flood protection projects would save around 5,080 hectare of fertile agricultural and home stead lands of farmers of 64 villages which are under area of erosion.

With this cumulative RIDF loan assistance to the state government during the year stands at Rs 1,172.16 crore.

--IANS

bdc/in/vm

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Sep 04 2018 | 12:00 PM IST

Next Story